Mathematics, 05.02.2020 06:47, kh3791
If $1,000 is invested in an account that pays 4% interest compounded annually, an expression that represents the amount in the account at end of three years can be given by which of the following equations?
a. 1000+0.4^3
b. 1000(0.3)^3
c. 1000(1.04)^3
Answers: 3
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