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4 years ago

6

A bank account yields 7 percent interest compounded annually. if you deposit 1,000 in the account, what will the account balance

be after 5 years?
a. 1350.00
b.1402.55
c.1700.00
b.1070.00

1 answer:

kumpel [21]4 years ago

5 0

B. 1,402.55

1000(1+.07)^5

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