The value V of a bank account in which $750 is invested at 2% interest, compounded annually,

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The value V of a bank account in which $750 is invested at 2% interest, compounded annually, is V = 750(1.02)^t, where t is the time in years. Find the value of the account after 4 years to the nearest penny.

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Basic Technical Mathematics

ISBN: 9780137529896

12th Edition

Authors: Allyn J. Washington, Richard Evans

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Question Posted: Apr 08, 2023 02:40 AM

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The value V of a bank account in which $750 is invested at 2% interest, compounded annually,

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Basic Technical Mathematics

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