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3 years ago

you deposit 10,000 in an account that pays 3% annual interest compounded monthly. How much will you have in 5 years?

Mathematics

2 answers:

Inessa [10]3 years ago

8 0

Answer:

$2,833.59

Step-by-step explanation:

1 $10,000.00 $10,000.00 $511.64 $0.00 $10,511.62 $10,000.00

2 $10,000.00 $10,511.62 $537.79 $0.00 $11,049.41 $10,000.00

3 $10,000.00 $11,049.41 $565.30 $0.00 $11,614.72 $10,000.00

4 $10,000.00 $11,614.72 $594.23 $0.00 $12,208.95 $10,000.00

5 $10,000.00 $12,208.95 $624.63 $0.00 $12,833.59 $10,000.00

True [87]3 years ago

7 0

Answer:

How do i take questions down like this one?

Step-by-step explanation:

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