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Josslyn placed $4,400 in a savings account which earns 3.2% interest, compounded annually. How much will she have in the account after 12 years? Round your answer to the nearest…

Josslyn placed $4,400 in a savings account which earns 3.2% interest, compounded annually. How much will she have in the account after 12 years? Round your answer to the nearest…
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5 votes
josslyn placed $4,400 in a savings account which earns 3.2% interest, compounded annually. How much will she have in the account after 12 years? Round your answer to the nearest dollar. Do NOT round until you have calculated the final answer.

asked
User Elektronaut
by
8.2k points

2 Answers

3 votes

Answer:6421

Explanation:

P=4400

r=3.2%

n=1

t=12

f=4400 * (1+3.2/100/1)^12

answered
User Ufos
by
7.8k points
2 votes

Answer:80

Explanation:

answered
User Xtx
by
8.1k points
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