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November 28, 2014

Homework Help: math

Posted by michelle on Wednesday, June 8, 2011 at 10:00pm.

Each year, Cathy invests $1,200 in
her account. The account pays an
interest rate of 6.3%. The formula to
calculate the balance in her account
is B =A(1+ r)n+1- A, where
r
A is the amount invested per year,
r is the interest rate, and n is the
number of years investing

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