An initial investment of $12,000 is invested for 2 years in an account that earns 4% interest,
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Question:
An initial investment of $12,000 is invested for 2 years in an account that earns 4% interest, compounded quarterly. Find the amount of money in the account at the end of the period.
2) Find the value of an investment of $20,000 for 14 years at an annual interest rate of 3.15% compounded continuously. The value of the investment is $?
3) Solve the given equation for x. X=?
Use a calculator to evaluate the expression. Round the result to five decimal places. In 0.027
6) Write in terms of simpler forms. 7) Use the properties of logarithms to solve for x.
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