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26 July, 09:28

Solve the compound interest problem. If Jane invests $350 at the

bank in a savings account that is compounded monthly and has an interest rate of 6.5%, what will be her total account balance after 7

years?

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Answers (1)
  1. 26 July, 09:40
    0
    Answer: 550.98

    Step-by-step explanation:

    A = P (1 + r/n) ^nt
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