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30.12.2021 •
Mathematics
The compound interest formula is A = P(1 + ) where P is the principal, A is the ending amount, r is the annual interest rate, m is the
number of compounding periods, and is the number of years. Billy invested $8,000 in a savings account paying 3.5 % interest,
compounded monthly. How much will Billy have after 12 years?
O $8,280
O $11, 360
O $12, 168.25
O $10.361.14
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