Question

Asked Feb 4, 2020

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Find the final amount of money in an account if $6,600 is deposited at 6% interest compounded annually and the money is left for 8 years.

Step 1

Given:

Principal (P)= $6600

Rate (%) = 6 % compounded annually

Time (t)= 8 years

Step 2

Calculation:

Final amount (A) is given by

Step 3

Further calcul...

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