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JulijaS [17]
3 years ago
10

You deposit $1,900 into an account that pays 3% per year. Your plan is to withdraw this amount at the end of 5 years to use for

a down payment on a new car. How much will you be able to withdraw at the end of 5 years
Business
1 answer:
arsen [322]3 years ago
7 0

Answer:

$2202.62

Explanation:

Future value = amount x ( 1 + interest rate)^n

$1900(1.03)^5 = $2202.62

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