Mathematics, 06.05.2021 18:10, lilisagaser4505

Todd was born in 1961. He was given a total of $800 to invest. His parents found a bank which guaranteed a rate of 4.95% interest compounded monthly. The full amount of $800 was deposited in this bank . Write a formula for the total amount of money in Todd’s account after t years .
Determine the total amount of money in his account in 2020.

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Todd was born in 1961. He was given a total of $800 to invest. His parents found a bank which guaran...