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Lamb Company Deposited $15000 Annually for 6 Years in an Account

question 45

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Lamb Company deposited $15000 annually for 6 years in an account paying 5% interest compounded annually. What is the balance of the account at the end of the 6th year?


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Pointer

A variable that stores the memory address of another variable, allowing for indirect manipulation and access of its value.

Function

A set of instructions encapsulated together to perform a specific task within a program, capable of being called and executed multiple times.

Header Line

A line of text at the top of a file, document, or message providing metadata, descriptive information, or directives for processing.

String1

A sequence of characters, typically used to represent text in programming languages.

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