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23 October, 09:29

Use the expression to solve the problems. P (1 + r) t

The amount that results when $4,000 is compounded at 6% annually over seven years.

The interest earned in this case.

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  1. 23 October, 11:03
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    A=4,000 * (1+0.06) ^ (7)

    A=6,014.52

    Interest earned 6014.52-4000=2014.52
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