Question 1195552
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P = 14,000 is the deposit amount
r = 0.046 is the decimal form of the interest rate
n = 1 is the compounding frequency
t = 18 is the number of years


Note: I'm assuming annual compound interest


{{{A = P(1+r/n)^(n*t)}}}


{{{A = 14000(1+0.046/1)^(1*18)}}}


{{{A = 14000(1.046)^(18)}}}


{{{A = 14000*2.24683055644742}}}


{{{A = 31455.6277902639}}}


{{{A = 31455.63}}}


Answer: <font color=red>$31,455.63</font>
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