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Mathematics, 13.04.2021 19:00 Homepage10

What formula is used to determine the ending balance on an account using interest

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Jenny invests $2,000 at an interest rate of 5%. the amount of money, me, in jenny's account after tyears can be represented using the equation ma-2000(1.05). if jenny would have invested the same amount of money at the same interest rate four years ago, the equation representing the amount of money mo. in her account would be represented using the equation! mg = 2000(105)*** which of the following is equivalent to mp? 2000(105) om- 1.05 2000(1.05) mo 1059 mp-2000(1.05) (105) mp - 2000(1.05) + (1.05)
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