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otez555 [7]
4 years ago
5

A savings account earns 2.3% compounded monthly. If Mary deposits $2500, how much (in dollars) will he have in 4 years?

Mathematics
1 answer:
natita [175]4 years ago
3 0

Answer:

$2740.67

A = 2500(1+0.023/12)^(12)(4)

A = $2740.67

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