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a 3,00.00 principal earns 4% interest, compounded annually, after 3 years what is the balance in the account? 3,712.05 211,200.00 3,696,00 10,296.00
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and if you could help me with these 2
B = P( 1 + 0.04)^4
correction thats '^3' as its 3 years
can you please help me with the other two?
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