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The formula AEP 1 + describes the accumulated value, A, of a sum of money, P, the principal, after t years at annual percenta

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Answer #1

ht A= P(1+ A = 21000 n=4 p=14500 8=6.25% = 0.0625 t? Values into the formula substitute the given 0.062514t 21000 - 4 14500 (

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