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August 30, 2014

Homework Help: math

Posted by Natalie on Thursday, March 6, 2008 at 7:17pm.

I have a question about Exponential Growth. The problem is: You deposit $350 in an account that pays 9.5% interest compounded yearly. What is the balance after 6 years? I don't know how to write the equation for this. Does anyone have an idea what the equation might be?

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