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OpenStudy (delaneyparris):
an investment account earns %4 per year compounded annually. If the initial investment was $4,000.00, how much is in the account after 3 years? round your answer to the nearest dollar.
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OpenStudy (anonymous):
Capital \[Capital * (1 + interest rate) ^{years}\] which means 4,000 * (1+ 0.04) elevated at power of 3 equals to around 4500
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