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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?

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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