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Use the compound interest formula to compute the balance in the following account after the stated period of time, assuming interest is compounded annually.
Use the compound interest formula to compute the balance in the following account after the stated period of time, assuming interest is compounded annually. $6000 invested at an APR of 3.8% for 24 years. The balance in the account after 24 years is $ (Round to the nearest cent as needed.)
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Discrete Mathematics and Its Applications
Authors: Kenneth H. Rosen
7th edition
0073383090, 978-0073383095
