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astraxan [27]
3 years ago
11

How much will be in an account at the end of 2 years if 12,000 is invested at 5% compounded annually

Mathematics
2 answers:
klio [65]3 years ago
8 0
X= 12,000(1+0.05)^2
X=12,000 (1.05)^2
X= 12,000 (1.1025) 
X= 13,230

$13,230 should be the amount that is earned after two years with 5% compounded annually.
MatroZZZ [7]3 years ago
3 0
That would be 
12,000(1.05)^2 =   13,230
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