ayannapeterson456 ayannapeterson456

11-10-2020
Mathematics

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If you deposit $5000 into an account that pays 3% annual Interest compounded -annually, how much money will you have after 2 years?

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16naktar 16naktar

11-10-2020

Answer:

$5304.5

Step-by-step explanation:

5000 x 1.03²

1.03=3%

x² =2 years

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