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Laura deposited $4000 into an account with 4.3% interest, compounded annually. Assuming that no withdrawals are made, how much will she have in the account after 3 years? Do not round any intermediate
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Laura deposited $4000 into an account with 4.3% interest, compounded annually. Assuming that no withdrawals are made, how much will she have in the account after 3 years?

Do not round any intermediate computations, and round your answer to the nearest cent.X

User Alexandre Marcondes
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1 Answer

1 vote

Answer:

$4,000(1.043³) = $4,538.51

User De Novo
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