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26 October, 18:49

Find the balance in the account after the given period. $4000 principal earning 4 % compounded annually, 5 years

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  1. 26 October, 19:02
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    I = P • R • T

    = (4000) (0.04) (5)

    $ 800

    NB = I + P

    $ 800 + $ 4000

    NB = $ 48000
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