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You invest $2,000 in an account that has an annual interest rate of 3.2%, compounded annually. How much money will be in the account after 12 years? Round your answer to the nearest whole number.
 one year ago
 one year ago
You invest $2,000 in an account that has an annual interest rate of 3.2%, compounded annually. How much money will be in the account after 12 years? Round your answer to the nearest whole number.
 one year ago
 one year ago

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jabberwockBest ResponseYou've already chosen the best response.0
The formula you use in this case is \[P=P_0(1+r)^n\]Where P0 represents the initial amount that you invest, P represents the amount you end up with, r represents the interest rate as a decimal, and n represents the number of years.
 one year ago

jabberwockBest ResponseYou've already chosen the best response.0
Does that give you enough to solve it?
 one year ago

xiaxiaBest ResponseYou've already chosen the best response.0
no sorry those are the options $3201 $2989 $2919 $2845
 one year ago

jabberwockBest ResponseYou've already chosen the best response.0
Which variable is does the 2000 represent?
 one year ago
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