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15-05-2024
Business

Answered

How much would $500 invested at 9% interest compounded annually be worth after 4 years? Round your answer to the nearest cent.
A(t) = (1 + r/n)ⁿᵗ
A. $716.66
B. $705.79
C. $546.54
D. $680.00

Answer :

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