If you deposit $5,000 into an account that pays 4.75% annual interest how much money will be in the account after 7 years if the
account compounds
1 answer:
$6662.50
4.75% = $237.50
$237.50 x 7 = $1662.50
$5000 + $1662.50 = $6662.50
Answer = $6,662.50
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