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Mathematics 8 Online
OpenStudy (anonymous):

Suppose Ivan places $8000 in an account that pays 7% interest compounded each year. Assume that no withdrawals are made from the account. Follow the instructions below. Do not do any rounding. 1.) Find the amount in the account at the end of year 1 2.) Find the amount in the account at the end of year 2

OpenStudy (anonymous):

Do you know the formula to use?

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