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A bank deposit that earns that earns interest annually is given by the function f(x)=1500(1.04)^x . What is the initial deposit?
a. $1,500
b. $1.04
c. $1,560
d. $40

Answer :

$1500  because the annual interest rate is 4%

MY1DESTINY
 x=0 (initial) f(x)=1500 

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