Answered

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3. Brenda deposited $225 into an account that earns 7.25% compound
interest. How much will be in her account after six years?"

Sagot :

sqdancefan

9514 1404 393

Answer:

  $342.43

Step-by-step explanation:

Each year, the account value is multiplied by 1 +7.25% = 1.0725. After 6 years, the value will be ...

  $225(1.0725^6) ≈ $342.43

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