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Hitman42 [59]
3 years ago
7

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

Mathematics
1 answer:
Virty [35]3 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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