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1- Jacob deposited $23,500 in an account paying interest of 5% compounded annually. What amount would be in the account at the end of 4
1- Jacob deposited $23,500 in an account paying interest of 5% compounded annually. What amount would be in the account at the end of 4 years? A) Using simple math, compute the amount. B) Using the formula, compute the amount. C) Using the tables, compute the amount. Please show your work in all three cases.
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