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If An dollars are invested at annual interest rate r, compounded monthly, then after t years the account will have grown to 12 A(t)
If An dollars are invested at annual interest rate r, compounded monthly, then after t years the account will have grown to 12 A(t) = A, %3D 12 If $2000 is placed into an account eaming 12% annual interest, compounded monthly, how much will it grow to after 15 years? O $12,010.25 O $12,001.60 O $11,891.25 $11,991.60
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College Algebra Graphs and Models
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
5th edition
321845404, 978-0321791009, 321791002, 978-0321783950, 321783956, 978-0321845405
