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OpenStudy (anonymous):
When Robert was born, his grandfather invested $1,000 for Robert’s college education. At an interest rate of 4.5% compounded annually, approximately how much would Robert have at age 18? (use the formula A=P(1+r)^t, where P is the principal, r is the interest rate, and t is the time in years.)
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OpenStudy (amistre64):
1000(1.045)^18 =abt 2,208.48
OpenStudy (anonymous):
thanks darling (:
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