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March 28, 2017

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Find the total amount in the compound intrest account.

$4000 is compounded annually at a rate of 11% for 3 years. (Round the nearest hundredths as needed)

  • Math - ,

    Sn = P(1+i)^n

    Sn = 4000(1.11)^3 = $5,470.52.

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