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If you deposit $5,000 in an account that pays 5% interest compound annually, how much money will have in your account at the end of 15 years? Write an exponential function that represents this situation.
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If you deposit $5,000 in an account that pays 5% interest compound annually, how much money will have in your account at the end of 15 years? Write an exponential function that represents this situation.

User SteveM
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1.05^15 * 5000 = 10394.6
User Ryan Schaefer
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