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OpenStudy (anonymous):
What is the total amount that Matthew's bank will receive after lending him $8,000 for four years at an interest rate of 6 percent, compounded annually? total amount = P (1 + i)t
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OpenStudy (pradipgr817):
8000*(1+6%)^4
OpenStudy (anonymous):
You have all of the information, and you have the equation, now just substitute it in.
OpenStudy (anonymous):
Yup
OpenStudy (anonymous):
THANNKS ")
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