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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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<h3>What is inequality?</h3>

It shows a relationship between two numbers or two expressions.

There are commonly used four inequalities:

Less than = <

Greater than = >

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Greater than and equal = ≥

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x + y ≤ 200

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Learn more about inequalities here:

brainly.com/question/20383699

#SPJ1

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4 years ago
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