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olga_2 [115]
3 years ago
11

If $5000 is invested at an interest rate of 3.396 compounded monthly for 10 years, what would be the balance in the account

Mathematics
1 answer:
saul85 [17]3 years ago
6 0

Answer: D

Step-by-step explanation:

Months = 12 x 10 = 120months

100%+3.396%=103.396% / 100 = 1.03396

5000 X (1.03396)^120 = 275054.36

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Step-by-step explanation:

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3 years ago
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Answer:

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5 0
2 years ago
Read 2 more answers
<img src="https://tex.z-dn.net/?f=%5Csqrt%7B2%2C25%7D.1%2C46-2%2C25.0%2C02%5C%5C" id="TexFormula1" title="\sqrt{2,25}.1,46-2,25.
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Step-by-step explanation:

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