Alyssa opened a retirement account with 7.25% APR in the year 2000. Her initial deposit was $13,500.

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Alyssa opened a retirement account with 7.25% APR in the year 2000. Her initial deposit was $13,500. How much will the account be worth in 2025 if interest compounds monthly? How much more would she make if interest compounded continuously?

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Precalculus

ISBN: 9781938168345

1st Edition

Authors: Jay Abramson

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Question Posted: Jun 02, 2022 02:50 AM

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Alyssa opened a retirement account with 7.25% APR in the year 2000. Her initial deposit was $13,500.

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Consider the Compound Interest formula At P1 rn nt Where At is the account value t is the measured i...View the full answer

Precalculus

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