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02-01-2023
Mathematics

Answered

Freddy mercury is opening an investment account with an initial deposit of $6500. the account he chose compounds interest annually.
3a- write an equation needed to calculate the compounded interest. define the variables used.
3b- what is the value of account after 10 years, if the interest is paid at 3.7%, if no other deposits or withdraws are made?
3c- how much more interest is earned is the account is left alone for 20 years?

Answer :

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