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14 March, 11:54

A new savings account is opened with $700 and gains 3.1% annual interest compounded monthly. How much is in the account after 3 years

A) $2100.92

B) $1753.33

C) $768.13

D) $705.44

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Answers (1)
  1. 14 March, 15:39
    0
    A=700 * (1+0.031:12) ^ (12*3)

    A=768.13
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