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OpenStudy (anonymous):
Use the compound interest formula to compute the total amount accumulated. $10,000 for 20 years at 5% compounded annually A. $20,000.00 B. $25,269.50 C. $19,500.00 D. $26,532.98
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OpenStudy (anonymous):
\[A = P(1 + \frac rn)^{nt}\]where: A = 10000 r = 0.05 n = 1 t = 20
OpenStudy (anonymous):
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