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Mathematics 22 Online
OpenStudy (anonymous):

You deposit $400 in an account that earns 6% compounded annually (once per year). What is the balance in your account after 5 years? Round your answer to the nearest cent.

OpenStudy (mertsj):

\[A=400(1+\frac{.06}{1})^{1(5)}\] A=$535.29

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