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Maureen deposited $19,000 at 11 percent interest compounded annually. What was the total interest earned at n = 8 years?

 May 25, 2016
 #1
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Hi Katie-Leigh :)

Rate=11%=0.11

Interest= 19000×(1+0.11)^8-19000

 May 25, 2016
 #2
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thank you Melody

Katie-Leigh  May 25, 2016
 #3
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You are very welcome :)

Melody  May 25, 2016

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