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30 December, 17:01

Gene invested $400 at 4% interest compounded annually. How much is in the account after 1 year?

$416.00 $540.00 $816.00 $804.00

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  1. 30 December, 19:07
    0
    A = P (1 + r) ^t

    A = 400 (1 +.04) ^1

    A = $416
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