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use technology to compute the balance in each of the following accounts. Use technology to compute the balance in each of the following accounts. a.
use technology to compute the balance in each of the following accounts.
Use technology to compute the balance in each of the following accounts. a. An account with annual compounding, an APR of 13%, and an initial deposit of $400, after 7 years b. An account with annual compounding, an APR of 3%, and an initial deposit of $211, after 532 years a. After 7 years, the balance obtained by investing $400 at a rate of 13% with annual compounding. will be $941.04. (Round to the nearest cent as needed.) b. After 532 years, the balance obtained by investing $211 at a rate of 3% with annual compounding, will be $ (Round to the nearest doilar as needed.) Use technology to compute the balance in each of the following accounts. a. An account with annual compounding, an APR of 13%, and an initial deposit of $400, after 7 years b. An account with annual compounding, an APR of 3%, and an initial deposit of $211, after 532 years a. After 7 years, the balance obtained by investing $400 at a rate of 13% with annual compounding. will be $941.04. (Round to the nearest cent as needed.) b. After 532 years, the balance obtained by investing $211 at a rate of 3% with annual compounding, will be $ (Round to the nearest doilar as needed.) Step by Step Solution
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