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The equation 4 = 1300(1.02) is being used to calculate the amount of money in...

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The equation 4 = 1300(1.02) is being used to calculate the amount of money in a savings account. What does 1.02 represent in this equation? 1) 0.02% decay2) 0.02% growth3) 2% decay4) 2% growth

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