Mathematics, 22.12.2019 05:31 Alayna1037
$800 is deposited in an account that pays 9% annual interest compounded annually. find the balance after four years
Answers: 1
is the final amount, 
is the principal, 
is the anual interest in decimal, 
is the numer of compounded periods in one year and 
is the time in years.
, because the interest is compounded anually, if the interest is compounded, then 
, because there would be 12 compound periods in one year.
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$800 is deposited in an account that pays 9% annual interest compounded annually. find the balance a...
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