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Carter invested $3,900 in an account paying an interest rate of 3. 9% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, would be in the account after 5 years?

User Joan
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2 Answers

8 votes

Answer: 4700

Step-by-step explanation:

User Henry Clayton
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8 votes

$822.18 is how much earned interest so add $3,900 and you get $4,722.18

User Montaldo
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