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Banking question please help

Banking Question Please Help class=

Sagot :

Answer: So 11 is $14560.63

Step-by-step explanation: Using the continously compounded interest equation and keep in mind that monthly for 4 years is 48 months so thats rate of time and 5.2% is 0.052 as a number

Answer:

Step-by-step explanation:

11. [tex]A=1200(1+\frac{0.052}{12} )^{48}[/tex]

       =$ 1476.79(nearest cent)

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