ys5ac4amanasgilarks ys5ac4amanasgilarks
  • 24-04-2017
  • Mathematics
contestada

An investor puts ​$900 in an account that pays 3% interest compounded annually. find the account balance after 5 years.

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wolf1728
wolf1728 wolf1728
  • 26-04-2017
Total = Principal × ( 1 + Rate )^years
Total = 900 * (1.03)^5
Total = 900 * 1.1592740743
Total = 1,043.35
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