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Use the simple interest formula to find the ending balance $4000 at 6.5% for 5 years
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Use the simple interest formula to find the ending balance
$4000 at 6.5% for 5 years

User Kirk Roybal
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2 Answers

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i took the test it is actually 5300.00

User Poiuytrez
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3 votes
4000*(1+0.065*5)=5300
User Dimitar Mazhlekov
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