2 years ago

1. An investor deposits $1000 in an account that promises an annual interest rate of 5%,

Mathematics

1 answer:

Virty [35]2 years ago

4 0

Answer:

$1,407.10

Step-by-step explanation:

1000(1.05)^7 = 1.05^7 ≈ 1.40710 * 1000 = $1,407.10

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