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2 years ago

14

Salvador inherited $20,000 and he plans to invest it into a savings account that earns 6% interest compounded annually. Assuming

he makes no additional deposits or withdrawals, what will be the total value of Salvador's account after 10 years?

1 answer:

Alex787 [66]2 years ago

7 0

Answer:

Step-by-step explanation:

initial value(1+ percent of interest in decimal form)^(years)

20,000(1.06)^10

= $35816.95393

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