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Compound interest

Archie deposited $67,013.26 in a savings account earning 3.2% interest, compounded annually. To the nearest cent, how much will he have in 3 years? How much interest will he have earned?

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  1. per the usual formula, the amount will be
    67013.26(1.032)^3 = ______
    now subtract the original amount to reveal the interest portion of the total.

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