ys5ac4amanasgilarks ys5ac4amanasgilarks

24-04-2017
Mathematics

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An investor puts $900 in an account that pays 3% interest compounded annually. find the account balance after 5 years.

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wolf1728 wolf1728

26-04-2017

Total = Principal × ( 1 + Rate )^years
Total = 900 * (1.03)^5
Total = 900 * 1.1592740743
Total = 1,043.35

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