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You deposit $200 in an account earning 2% interest compounded annually. How much will you have in the account in 20 years?
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Jan 16, 2023
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You deposit $200 in an account earning 2% interest compounded annually. How much will you have in the account in 20 years?
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$297.19
=200x(1+2%/1)^(20x1)
=$200x (1+2% interest/1 compounded annually)^(20 years x 1 compounded annually)
Xuyang
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Jan 17, 2023
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Xuyang
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Answer:
221
Explanation:
Interest goes up 5 dollar each year
Ngoc
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Jan 22, 2023
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Ngoc
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