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Shayna invests $3,639 in a savings account with a fixed annual interest rate of 5% compounded 12 times per year. What will the account balance be after 12 years? You must upload…

Shayna invests $3,639 in a savings account with a fixed annual interest rate of 5% compounded 12 times per year. What will the account balance be after 12 years? You must upload…
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Shayna invests $3,639 in a savings account with a fixed annual interest rate of 5% compounded 12 times per year. What will the account balance be after 12 years? You must upload work.

User Laffoyb
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1 Answer

2 votes

Answer:

5% of $3,639 is 181.95 X 12 = 2,183.40

User Cyprien Autexier
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