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Mathematics, 16.07.2021 01:00 alext8691

Sten invests $3200 in an account earning 2% interest, compounded annually. The equation that represents this scenario is:
A(n) = 3200(1 +0.02)n-1
How much will he have in the account in year 5? Round your answer to the
nearest dollar.
A. $13,056
B. $3533
C. $6636
D. $3464
How can I break down this question?

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