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Business, 15.07.2019 23:20 biancabahena04

When a particular amount of money p p, called the principal, is invested at the interest rate r r and is compounded n n times a year, the amount a a accumulated after t t years is a ( t ) = p ( 1 + r n ) n t a(t)=p(1+rn)nt determine the amount of money accumulated after 10 10 years if $ 3 , 000 $3,000 is invested in an account that pays 11 % 11% interest compounded twice a year. round to the nearest cent.

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