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You deposit $4600 in an account that earns 3% per year simple interest. The equation that represents this situation is: A ( n ) =

You deposit $4600 in an account that earns 3% per year simple interest. The equation that represents this situation is:

A(n) = 4600 + (n- 1)(0.03 4600)

How much will you have in the account at the beginning of the 9th year? Round your answer to the nearest dollar.

Options:

$5842

$4710

$4738

$5704

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