Answered

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Aiden has $60 in a Roth IRA account that earns 5% annually.
. The interest is not compounded.
• How much interest will he earn in 1year?
.
• Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate
expressed as a decimal, and t is the time in years.
$

Sagot :

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