johnsonleyla21 johnsonleyla21
  • 28-06-2020
  • Mathematics
contestada

if $1000 is invested in ana ccount that pays 4% interest compounded annually

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vahithakadar786
vahithakadar786 vahithakadar786
  • 28-06-2020

Step-by-step explanation:

Since the equation is balance = principal (1 + rate of interest) ^ time, then the correct answer should be 1000 (1.04)^3.

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