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3 years ago

7

Gerhard deposited $5600 into a savings account that earns 4.5% simple interest each year calculated annually. What is the future

value of Gerhard's account after 12 years?

2 answers:

ohaa [14]3 years ago

7 0

First you have to add 5600×4.7%×12 all of that =$3158.4

lubasha [3.4K]3 years ago

6 0

Answer: 8624.00

Step-by-step explanation:

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