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OpenStudy (anonymous):
if 6000 is invested at 5% interest, find the value (amount) of the account at the end of 5 years if the interest is compounded
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OpenStudy (anonymous):
compounded...
OpenStudy (anonymous):
yearly? monthly?
OpenStudy (anonymous):
yearly
OpenStudy (anonymous):
then it is \(6000(1.05)^5\)
OpenStudy (anonymous):
i got 7657 right?
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