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Mathematics 24 Online
OpenStudy (lukecrayonz):

The amount of money, A(t) in a savings account that pays 4% interest, compounded quarterly for t years, with an initial investment of P dollars, is given by A(t)=P(1+(0.04/4)^(4t). If $19,000 is invested at 4%, compounded quarterly, how much will the investment be worth after 9 years?

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