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25-11-2020
Mathematics

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PLEASE HELP
Suppose that you invest $5000 into a high yield savings account that earns 2.6% annual interest and is
compounded monthly. If you do not deposit or withdraw any money from the account, how much
money will be in the account after 10 years? Show your equation. Round your answer to the nearest
cent.

Respuesta :

minakshikumari12084 minakshikumari12084

25-11-2020

Answer:

the amount you will get it will be something $286.572 because first multiple 5000 with 2.6% and then multiple by 10 for ten years

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