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Suppose $4000 is invested in an account which offers 6.25%

/in /by

Suppose $4000 is invested in an account which offers 6.25% compounded monthly. a) Express the amount At
in the account as a function of the term of the investment in years b) How much is in the account after 4 years?

c) How long will it take for the initial investment to double?

 
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