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You deposit $2000 each year into an account earning 3% interest compounded annually. How much will you have in the account in 15 years? Note: Round your answer to the nearest cent.
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20 votes
20 votes
You deposit $2000 each year into an account earning 3% interest compounded annually. How much will you have in the account in 15 years?

Note: Round your answer to the nearest cent.

User Zada Zorg
by
3.2k points

1 Answer

23 votes
23 votes

Answer:

She will have $30,900

Step-by-step explanation:

3% of 2000 is 60

2000+60=2060

2060X15=30,900

User Noureddine
by
2.8k points
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