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ZanzabumX [31]
3 years ago
11

You invest $1000 in a 5-year savings bond that pays 8% annual interest on the principal. How much total interest will you have e

arned after 5 years? (Round your answer to the nearest dollar).
Mathematics
1 answer:
atroni [7]3 years ago
3 0
8% of 1000 = 80
8% of 1080 = 86.4
8% of 1166.4 = 93.31
8% of 1259.71 = 100.77
8% of 1360.48 = 108.8
$1469.28
Rounded: $1469
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