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Ahale:
Pierre deposited $9875 into a savings account 23 years ago the account has an interest rate of 2.7% and the balance is currently $18,374.86 how often does the interest compound
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supie:
Use the formula; \( A = P(1 + \frac rn)^{(nt)}\) Where A= 18,374.86 P= 9875 r= .027 T= 23 plug in the numbers to the formula
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