You invest 1300 in a account that pays an interest rate of 4.75% what's the balance after 5 years ?
1 answer:
Total = Principal * (1 + rate)^years
Total = 1,300 * (1.0475) ^ 5
Total = 1,300 *
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<span>
<span>
1.2611599139
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</span>
</span>
Total =
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<span>
<span>
1,639.5</span></span></span>1
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