The value V of a bank account in which $750 is invested at 2% interest, compounded annually,
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The value V of a bank account in which $750 is invested at 2% interest, compounded annually, is V = 750(1.02)t , where t is the time in years. Find the value of the account after 4 years to the nearest penny.
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Related Book For
Basic Technical Mathematics
ISBN: 9780137529896
12th Edition
Authors: Allyn J. Washington, Richard Evans
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