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3 years ago

13

John placed $2,000 in a savings account which compounds interest annually at a rate of 4.3%. How much will he have in the accoun

t after 3 years?

1 answer:

Westkost [7]3 years ago

7 0

Pf=Pi(1+r)^t
Pf=2000(1.043)^3
Pf=2269.25
$2269.25

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