Answered

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Angel deposits $51,400 in a savings account that pays 2.3% interest, compounded monthly.
A) What is the account balance after one year?
b)How much did Angel make in interest during that one year?
c)What is the account balance after five years?
d)How much did Angel make in interest during the five years?

Sagot :

Answer:

a) $65,586.40

b) $14,186.40

c) $122,332

d) $70,932

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