Mathematics, 13.05.2021 04:40 hei40563273
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Tatiana opens a bank account that pays interest compounded annually. Which of the following are reasonable interpretations of the expression 500(1.0325)^t in this context?
Select all that apply.
A. The account earns about 1.03% interest each year.
B. The account earns 3.25% interest each year.
C. The account earns 5% interest each year.
D. Tatiana's starting balance was $500.
E. After 1 year the account will be worth $500.
Answers: 2
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Tatiana opens a bank account that pays interest comp...
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