The Power of Compound Interest: Calculations and Examples
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SOLVED: 'Marcia has compound interest savings account that she initially deposited 1,300. What is the balance in her account after 2 years if the account paid an annual interest rate of 4.6% and the interest was compounded monthly: You may want to use Excel for doing this calculation; Sec video below for help:Enter the dollar sign, followed bv the dollar amount including any cents Round to the nearest penny: No space between the dollar sign and the number: Do not use . comma Example: 53268.42T
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