Use the compound interest formula to compute the total amount accumulated and the interest earned. $5000 for

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

$5000 for 3 years at 1.6% compounded monthly

The total amount accumulated after 3 years is $

The amount of interest earned is $

Related Book For answer-question

A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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Posted Date: Apr 26, 2020 10:24 PM

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Use the compound interest formula to compute the total amount accumulated and the interest earned. $5000 for

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A Survey of Mathematics with Applications

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