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6 October, 19:40

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

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  1. 6 October, 21:21
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    A = P (1 + r/n) ^nt

    P = 2400

    r =.02

    n = 1

    t = 7

    Answer: $2756.86
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