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Craig opened a savings account and deposited $600.00 as principal. The account earns 2%
interest, compounded annually. What is the balance after 6 years?
Use the formula A =
1 +
(starting amount), r is the interest rate expressed as a decimal, n is the number of times per
year that the interest is compounded, and t is the time in years.
Round your answer to the nearest cent.
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