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6700 dollars is placed in an account with an annual interest rate of 8%. How much will be in the account after 24 years, to the nearest cent

Sagot :

Answer:

Step-by-step explanation:

The answer depends on whether the interest is simple or compound.

For simple interest:

A = 670(1 + 0.08)(24)

For compound interest

A = 670(1 + 0.08)24

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Answer:

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Step-by-step explanation:

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