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Mathematics

Answered

Omar has $6,000 in a savings account that earns 3% interest, compounded annually.To the nearest cent, how much will he have in 4 years?

Answer :

JaithanL702788go JaithanL702788go

Let's list down the information given in the question.

Principal (P) = $6, 000

Rate = 3% or 0.03

Compounding period (m) = annually = 1

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