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2,400 principal earning 2%, compounded annually, after 7 years. Find the

2,400 principal earning 2%, compounded annually, after 7 years. Find the balance in the account

2 months ago

Solution 1

Guest Guest #2064
2 months ago
A = P (1 + r/n) ^nt
P = 2400
r = .02
n = 1
t = 7

Answer: $2756.86

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