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hero (hero):
?
OpenStudy (anonymous):
ok
OpenStudy (anonymous):
i think everyone wants to be me lol
OpenStudy (anonymous):
maybe the other one was too full it kept freezing my computer
OpenStudy (anonymous):
oh ok
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OpenStudy (anonymous):
lol right
OpenStudy (anonymous):
a formula used to compute the current value of a savings account is A=P(1+r)^n, where A is the current value: P is the amount deposited; r is the rate of interest for 1 compounding period, expressed as a decimal; and n is the number of compounding periods. which of the following is closest to the value of savings account after 5 years if 10,000 dollars is deposited at 4% annual interest compounded yearly?
OpenStudy (anonymous):
ok..first you have to set up your problem...show me what you think it should look like
OpenStudy (anonymous):
by george i think i got it lol A=10,000(1+.04)^5 which rounded off wouold be 12167
OpenStudy (anonymous):
good job girl
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OpenStudy (anonymous):
it's set up right i didn't check the answer
OpenStudy (anonymous):
my calculator did lol
OpenStudy (anonymous):
lol...nice job
OpenStudy (anonymous):
what's next
OpenStudy (anonymous):
are you still there
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