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3 years ago

15

you put $500 in to a savings account which earns compound interest at a rate of 0.2% per month. if you dont make any deposits or

withdrawls how much will you have in your account in 10 years

1 answer:

Sergio [31]3 years ago

4 0

A = 500(1 + 0.002)^(10 x 12) = 500(1.002)^120 = 500(1.2704) = $635.47

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