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 Sep 25, 2018
 #1
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 In the  formula 

 

P  = 3500

r = .027

n = 1    [interest is compounded once a year ]

t = 3

 

So we have 

 A  = 3500 ( 1 + .027/ 1 )^(1*3)   = $3791.22  ⇒ "B" 

 

 

 

cool cool cool

 Sep 25, 2018

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