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The formula for calculating the amount of money (M) in an account
after t years is M = P(1 + r)t, where P is the initial value and r is the
annual interest rate as a decimal. Susan wants a balance of $500 after
10 years. How much should she initially deposit into her account that
earns 3%?
$6,719.58
$671.86
$36.27
O $372.05
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