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12345 [234]
3 years ago
15

Suppose that $6500 is placed in an account that pays 3% interest compound each year. Assume that no withdrawals are made from th

e account
Find the amount in the account at the end of 1 year

Find the amount in the account at the end of 2 years
Mathematics
1 answer:
Ivahew [28]3 years ago
7 0

Answer:

1 year:

The amount is $6695 and the interest is $195

2 years:

The amount is $6895.85 and the interest is $395.85.

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