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Part 1
The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Answer parts (a) and (b).
Principal
Rate
Compounded
Time
$ 3000
4.5 %
monthly
4 years
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Part 1
a. Find how much money there will be in the account after the given number of years.
The amount of money in the account after 4 years is $
enter your response here.
(Round to the nearest hundredth as needed.)
Sagot :
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