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Use the compound interest formula to find the account balance A where P is principal...

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Algebra

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Use the compound interest formula to find the account balance A where P is principal r is interest rate n is number of compounding periods per year t is time in years and A is account balance P 1 57 609 6 2 r compounded Quarterly t 1 The account balance is approximately Simplify your answer Type an integer or decimal round to two decimal places as needed

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