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Tresset [83]
3 years ago
12

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
Mathematics
1 answer:
victus00 [196]3 years ago
4 0
$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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