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1 vote
You would to have $800 saved after 2 years. If you put your money into an account that compounds annually and earns 1.8% annual interest, how much should you put into the account?

User Jeneane
by
4.1k points

2 Answers

4 votes

Answer:829

Step-by-step explanation: You would have 829$ because, Of the Number of years for this investment. Hope this helped. If not im sorry!

User Sean
by
3.4k points
1 vote

Answer:

$772

Explanation:

Set it up as

772(1+0.018)^2

Comes out to $800.04

If you need further explanation tell me in comments

User Swapnil Luktuke
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3.1k points