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Mathematics, 29.02.2020 01:48 certifiedtino4576

Alex deposited x dollars into a new account that earned 8 percent annual interest, compounded annually. One year later Alex deposited an additional x dollars into the account. If there were no other transactions and if the account contained w dollars at the end of two years, which of the following expresses x in terms of w?a. w/(1+1.08).
b. w/(1.08+1.16).
c. w/(1.16+1.24).
d. w/(1.08+1.08^2).
e. w/(1.08^2+1.08^2).

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