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you invest $1,600 in an account that pays an interest rate of 4.75%. calculate the balance of your account after 7 year round the answer to the nearest hundredth
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TheBusinessMan: A = P (1 + r/n) ^nt
P = 1600
r = .0475
n = 1 (assuming its compounded annually)
T = 7
Answer: $2214.10
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Solved You invest $2 600 into a savings account with a 4 25% Chegg com
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Solved if you invested $4200 into an account that pays 14 0% Chegg com
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Solved $600 is invested in an account paying 6% interest Chegg com
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Solved (1 point) assume you invest $6000 in an account that chegg com initially $400 a savings $2 600 into with 4 25% 1 we $4000 pays simple suppose $1 200 paying 6% 2 if put $1800 4% $1600 at interest rate r $14400 annual $4400 $4 is invested 4000 dollars bank $4800 deposit $600 each month earning 3 $800 $160 for years solved: 000 in interest earns total of 400 7% $4200 14 0% is