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1. Elijah, a teacher's assistant, is creating a quiz. After reviewing Oliver's quiz question below, what information is missing? When Sophia's son was born, she
1. Elijah, a teacher's assistant, is creating a quiz. After reviewing Oliver's quiz question below, what information is missing? When Sophia's son was born, she deposited $800 into a bank account with a continuous interest rate of 1.9% so that she could use this money purchase her son a car. Sophia's goal is to have at least $15,000. Find the amount of money in Sophia's account. Will she have enough to buy her son a car?
Interest Rate | |
the number of times that interest is compounded per year | |
the time the money is invested | |
the principal investment amount |
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