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I need help with a, b, c please send me the steps and the answers. thank you!! 14) Your grandparents give you a graduation gift
I need help with a, b, c please send me the steps and the answers. thank you!!
14) Your grandparents give you a graduation gift of $2,500. Instead of purchasing an item, you decide to invest this money into an account with an annual interest rate of 4.5%, compounded monthly. a) Write an equation for the amount of m money in this account after t years. b) How much money will be in the account in 10 years? c) How long will it take for the original amount to doubleStep by Step Solution
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