You are opening a checking account that earns 5.9% interest each year compounded annually. You deposit $780. After 1 year you wi
ll have $826.02. After 2 years you will have $874.76. How much will you have after 3 years?
1 answer:
Answer:
$926.37
Step-by-step explanation:
Each year, the balance is multiplied by 1.059.
1.059×$874.76 = $926.37 . . . after 3 years
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