You deposit $2500 in a bank account that pays 5% annual interest. Find the balance
after 4 years if the interest is compounded monthly. Round to the nearest cent.

Question

03-05-2021
Mathematics

Answered

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You deposit $2500 in a bank account that pays 5% annual interest. Find the balance
after 4 years if the interest is compounded monthly. Round to the nearest cent.

Sagot :

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