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OpenStudy (anonymous):
Using the compound interest formula A = P( 1 + r/n)nt where n is the number of times compounded annually, find the initial amount with a balance of $3,557.02 after 10 years compounded four times per year and a rate of 3.05%. A. $2,500 B. $2,550 C. $2,600 D. $2,625
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