James deposited $20,000 into an account that earns 6.75% compound interest, compounded annually. How much interest will James earn after 5 years? Round to the nearest cent if necessary

Question

08-03-2021
Mathematics

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James deposited $20,000 into an account that earns 6.75% compound interest, compounded annually. How much interest will James earn after 5 years? Round to the nearest cent if necessary

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