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22-03-2021
Mathematics

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City Bank pays a compound interest rate of 3.6% per year compounded annually. A
student plans to invest $5,000. How much money will be in the account at the end of
6 years, rounded to the nearest cent?

Respuesta :

keijosalonen keijosalonen

22-03-2021

Answer: 6181.99 $

Step-by-step explanation: K = k (1 + p/100)^x = 5000 (1+3.6/100)^6

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