8988989889 IDK hate doing the it but luv getting the answers
The answer to the question
Here, number of periods (years), n=5
Annual interest rate, i=0.05 (compounded yearly)
Present value/deposit, P=100
Future value of deposit = P(1+i)^n=100(1.05^5)=127.63 (to the nearest cent)
Answer: After 5 annual interest payments, Bob will have 127.63 in his account.
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