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OpenStudy (anonymous):
You invest $2,000 in an account that has an annual interest rate of 3.2%, compounded annually. How much money will be in the account after 12 years?
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OpenStudy (anonymous):
Formula for compound interest is A = P(1+r/n)^nt P is the original amount invested r is the rate n is the number of times compounded per year t is the time
OpenStudy (anonymous):
Thank you!
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