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Mathematics 18 Online
kaykayswagg:

Find the balance in the account. $700 principal earning 5%, compounded monthly, after 9 years

tigerlover:

A=700×(1+0.05÷12)^(12×9)

tigerlover:

So what would the answer be?

tigerlover:

:3

tigerlover:

A=1,096.79

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