Find the amount in an account after 4years if the initial investment is 3500 invested at 2% compound annually
Added by Daniel L.
Step 1
The formula for compound interest is: A = P(1 + r/n)^(nt) where: A = the amount of money accumulated after n years, including interest P = the principal amount (initial investment) r = annual interest rate (in decimal form) n = number of times that interest is Show more…
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