a principal of $400 is invested in an account at 6% per year compounded annually . what is the total amount of money in the account after 5 years

asked Sep 1, 2018 122k views

5 votes

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6 votes

1+(6/100) = 1.06

400 * (1.06)^5 = 535.29

Hope this helps! :)

Shamas answered Sep 6, 2018

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