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If P dollars are invested at an annual interest rate of r for t years and the given money is compounded annually, the amount A

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If P dollars are invested at an annual interest rate of r for t years and the given money is compounded annually, the amount A of money in the account is given by the formula A=P:(1+r)' If $1000 is invested at 10% interest, how much is in the account after 2 years

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