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Mathematics 7 Online
OpenStudy (anonymous):

Help with a Money Problem

OpenStudy (anonymous):

If $1000 is invested at 5% compunded monthly for 4 years the compounded amount is given by A = 1000(1.005)^48. Given that log 1.005 = 0.00217, find log A. (Hint: 1000 = 10^3

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