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1 vote
How much money would be in an account after 20 years if you deposited $5000 in a mutual fund

which compounds interests 5% annually?

User Umbrella
by
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1 Answer

6 votes

Answer:

$5130.84

Explanation:

100 + 3 = 103%

103% = 1.013

$5000 x 1.013^2 = $5130.84

Hope this helps biiiieeee

User Kmehta
by
8.1k points