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12-12-2022
Mathematics

Answered

Dalton opened a savings account and deposited $1,296.00 as principal. The account earns
2.32% interest, compounded monthly. What is the balance after 2 years?
Use the formula A =
where A is the balance (final amount), P is the principal
(starting amount), r is the interest rate expressed as a decimal, n is the number of times per
year that the interest is compounded, and t is the time in years.
Round your answer to the nearest cent.

Answer :

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