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Use the compound interest formula to determine the accumulated balance after the stated period. Assume that interest is compounded annually. $ 3 0 0 0

Use the compound interest formula to determine the accumulated balance after the stated period. Assume that interest is compounded annually.
$3000 is invested at an APR of 1.8% for 4 years.
A) $55.50
B) $3164.93
C) $216.00
D) $3221.90
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