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xolaura xolaura
  • 09-10-2014
  • Mathematics
Answered

use the compound interest formula to compute the total amount accumulated and the interest earned.

4000$ for 2years at 2.8% compounded annually

Verified Answer :

titaniumX titaniumX
  • 09-10-2014

\(Amount = 4000(1.028) ^{2}\)

then solve to get 4227.136

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