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inna [77]
4 years ago
11

Suppose that you invest $6000 into a high yield Savings account that earns 2% annual interest and is compounded monthly. If you

do not deposit or withdraw any money from the account, how much money will be in the account after 20 years?
Mathematics
1 answer:
Mrac [35]4 years ago
7 0
Answer $15,000
Explanation
20×4%=0.4
6,000÷0.4=15,000
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