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Mathematics, 29.01.2020 07:54 celestemaria0727

Landry earned $2,300 over the summer and decided to invest it in an account that earns 4% annual compound interest. if landry does not make any other deposits or withdrawals, how much will be in her account after 20 years?

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Answer from: kingnatsu579

Landry will have $5039.58

Step-by-step explanation:

compound interest formula: amount = p(1 + \frac{r}{n})^{nt}

p= principal ($2,300)

r= interest rate as a decimal (4% = 0.04)

n= number of times the principal is compounded per year (annually = once per year so 1 time per year)

t= time in years (20 years)

new equation: amount = 2300(1+\frac{0.04}{1} )^{1*20}

That equation equals $2,739.58 which you add to the principal.

$2,739.58 + $2,300 = $5039.58

hope this helps :) the equations aren't showing up right :(

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Answer from: Quest
A)26•2=52there are 2 sides with the same length116-52=64the other 2 side have to be half of 64 each64/2=32the width is 32b)make two sentences about these steps because your teacher knows how you write and explain things.
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Answer from: Quest

answer: the anser is 3

step-by-step explanation:

c- 2o is equal to 9

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Landry earned $2,300 over the summer and decided to invest it in an account that earns 4% annual com...