document.write( "Question 620116: Use the compound interest formula to compute the balance in the following account after the stated period of time, assuming interest is compounded annually. $5000 invested at an APR of 4.5% for 11 years. What is the balance in account after 11 years? \n" ); document.write( "

Algebra.Com's Answer #389912 by ewatrrr(24785) $\"\"$ $\"About$

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document.write( "Hi,
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document.write( "In General 
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document.write( "A = Accumulated Amount
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document.write( "P= principal = 5000
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document.write( "r= annual rate = .045
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document.write( "n= periods per year = 1
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document.write( "t= years = 11
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