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Alenkinab [10]
3 years ago
14

A young college student puts $2,500 in savings into a special bank account. The account earns interest at a rate of 3%, compound

ed 6 times per year. The bank account matures after 2 years, when the college student may withdraw the funds. How much money will the account have at maturation?
Mathematics
1 answer:
Serggg [28]3 years ago
3 0
<span>2500(1 + .03/6)^12 = 2654.19
Your answer is $2654.2
Hope this helps!</span>
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