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If $600\$ 600 Is Invested At 4%4 \% Interest, Compounded Annually, Then After

Question 105

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If $600\$ 600 is invested at 4%4 \% interest, compounded annually, then after nn years the investment is worth an=600(1.04)na _ { n } = 600 ( 1.04 ) ^ { n } dollars. Find the size of investment after 7 years.

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