ccarr940 ccarr940

14-02-2020
Mathematics

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Your friend deposits $2000 in an investment account that earns 3.3% annual interest. Find the balance after 5 years when the interest is compounded monthly.

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hotrodflames03 hotrodflames03

14-02-2020

Answer:

8,323.15918

Step-by-step explanation:

pretty much $2000 times 1.33 then the sum times 1.33 and repeat the process for every year

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