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21 September, 09:08

A $6,300.00 principal earns 6% interest, compounded annually. after 3 years, what is the balance in the account?

a. 1,360,800b. 7,503c. 7,434d. 25, 804

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  1. 21 September, 11:14
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    A=6,300 * (1+0.06) ^ (3)

    A=7,503.40
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