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photoshop1234 [79]
3 years ago
8

You deposit money in an account that pays 5% interest compounded yearly. Find the balance after 5 years for the given initial am

ount (This is not multiple choice, you need to do a, b, and c)
a. $250
b. $300
c. $350
** Round to the NEAREST whole number**
Mathematics
2 answers:
mezya [45]3 years ago
5 0
B I really believe you just got to read it carefully
Paraphin [41]3 years ago
5 0
B your answer would be that you have 300 left
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Terri invested $1500 in an account with an interest rate of 2.25% compounded continuously. How long will it take for Teri’s acco
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Answer:

53.51 years

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FV = PV e⁽ⁿˣ⁾

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e = mathematical constant = 2.7183

So,

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