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If the money and interest are left in the bank, how much is the total accumulated savings at the end of the second year for a savings of $3,500 at 8% annually compounded interest?
A. $3,742.30
B. $3,895.53
C. $3,935.10
D. $4,082.40
 one year ago
 one year ago
xxdgffsdgdfgffgsg Group Title
If the money and interest are left in the bank, how much is the total accumulated savings at the end of the second year for a savings of $3,500 at 8% annually compounded interest? A. $3,742.30 B. $3,895.53 C. $3,935.10 D. $4,082.40
 one year ago
 one year ago

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JuanitaM Group TitleBest ResponseYou've already chosen the best response.0
dw:1360102013415:dw this is formula for compounded interest formula.
 one year ago

JuanitaM Group TitleBest ResponseYou've already chosen the best response.0
P = principal amount (the initial amount you borrow or deposit) r = annual rate of interest (as a decimal) t = number of years the amount is deposited or borrowed for. A = amount of money accumulated after n years, including interest. n = number of times the interest is compounded per year
 one year ago
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