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OpenStudy (anonymous):
a bank is advertising that new customers can open a savings account with a 3 3/4 % interest rate compound anually. robert invests $5000 in an account at this rate. if he makes no additional deposits or withdarawals on his account find the amount of money he will have to the nearest cent after 3 years???
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OpenStudy (anonymous):
5000(1.0375)^3 5000*1.116771484375 $5583.86
OpenStudy (anonymous):
thanks :)
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