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Mathematics 16 Online
OpenStudy (anonymous):

The balance of an account earning compound interest is found using the formula 2003-02-05-00-00_files/i0240000.jpg, where p is the principal (the amount invested), r is the interest rate, and t is the time in years. What is the account balance after 6 years, if $1,000 is invested at 8%? Round your answer to the nearest whole number.

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