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Camille has $52,220 in a savings account that earns 13% interest per year. The interest is not compounded. How much will she have in 4 years?

Respuesta :

We have the following:

[tex]P=p(1+r\cdot t)[/tex]

p = 52220

r = 0.13

t = 4

replacing:

[tex]\begin{gathered} P=52220\cdot(1+0.13\cdot4) \\ P=79374.4 \end{gathered}[/tex]

Therefore, the answer is $79374.6

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