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Posted by on Friday, July 20, 2012 at 1:22pm.

suppose you invest some money in an account at 6% compounded monthly, after four years you have $8000, how much interest did you earn

  • calculus - , Friday, July 20, 2012 at 4:27pm

    x(1.005)^48 = 8000

    solve for x
    subtract from 8000 to get the interest.

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