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Hei has $1,400 in a retirement account earning 4% interest compounded annually. Each year after the first, she makes additional deposits of $1,400. After 5 years, what was her account balance if she did not make any withdrawals? Round each year's interest to the nearest cent if necessary.

The account had a balance of $
after 5 years.
PLEASE HELP ASAP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

1 Answer

5 votes
The answer would be 1,703.31 dollars after 5 years
User Gurdeep
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