For the investment with interest compounded annually, find the final balance and the total interest earned.
$70,600 for 3 years at 4.2%
A.
final balance: $70,896.52
interest earned: $296.52
B.
final balance: $73,565.20
interest earned: $2965.20
C.
final balance: $79,495.60
interest earned: $8895.60
D.
final balance: $79,874.45
interest earned: $9274.45
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OpenStudy (anonymous):
Help me please
OpenStudy (anonymous):
@YanaSidlinskiy
OpenStudy (anonymous):
@Peoplepleasehelpmenowwwww
OpenStudy (anonymous):
ok
OpenStudy (anonymous):
thanks!!! What is it and how would you get this
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OpenStudy (anonymous):
bank type stuff almost
OpenStudy (anonymous):
hold on let me see
OpenStudy (anonymous):
thx
OpenStudy (anonymous):
hold on wht grade u in
OpenStudy (anonymous):
why??
What grade are you in
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OpenStudy (anonymous):
9th
OpenStudy (anonymous):
im in 6th
OpenStudy (anonymous):
i dont do this type of math i have somebody though
OpenStudy (anonymous):
@amistre64
OpenStudy (anonymous):
@hartnn
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OpenStudy (anonymous):
Ah Well What do i do
OpenStudy (anonymous):
they will help
OpenStudy (amistre64):
use the compound formula:\[A=P(1+r)^t\]
OpenStudy (anonymous):
what
OpenStudy (anonymous):
put those numbers in the formula
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