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just olya [345]

3 years ago

8

If $16,400 is deposited into a CD paying 5.1% annually, how much will be in the account after 20 years? Enter your answer rounde

d to the nearest cent.

1 answer:

lesya692 [45]3 years ago

4 0

16,400 x (1 + 0.051)^20 =

16400 x (1.051)^20 =

16400 x 2.70429659 =

$44,350.46

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