Stephen invests in an account that pays 3% compound interest annually. He invests $5,500. He uses the expression P (1+r) t to find the total value of the account. What will be the total value of the account after 6 years?
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Home » Mathematics » Stephen invests in an account that pays 3% compound interest annually. He invests $5,500. He uses the expression P (1+r) t to find the total value of the account. What will be the total value of the account after 6 years?