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You deposit $1500 in an account that pays 3% annual interest. Find the balance after 1 year if the interest is compounded monthly.
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You deposit $1500 in an account that pays 3% annual interest. Find the balance after 1 year if the interest is compounded monthly.

User Omaris
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6 votes

Answer:

I believe the balance would be $1,545.00

User Matusalem
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