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You deposit $2000 in an account that earns 5% annual interest compounded quarterly Find the balance after five years. Show work.

You deposit $2000 in an account that earns 5% annual interest compounded quarterly Find the balance after five years. Show work.
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You deposit $2000 in an account that earns 5% annual interest compounded quarterly Find the balance after five years. Show work.

User Andrew Duffy
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1 Answer

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500 , 2000x.05 is 100 10x5 = 500
User Jolati
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