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Alan saved 500 dollars in a bank account that compounds 3 percent annually. Assuming there are no other transactions, after 18 years, how much is in Alan's bank account? (Give your answer to the nearest dollar.)

 Apr 12, 2021
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= 500 ( 1 + .03) 18  = $............         .03 is 3% periodic interest       18 is the number of periods ( 18 years)

 Apr 12, 2021

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