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A principal of $4,570 is placed in an account that earns 4.5% interest. If the interest is compounded annually, how much money will be in the account at the end of 5 years?
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A principal of $4,570 is placed in an account that earns 4.5% interest. If the interest is compounded annually, how much money will be in the account at the end of 5 years?

User Paulo Henrique
by
7.8k points

2 Answers

4 votes

Answer:

The correct answer is D

Explanation:

Edu2020

User Gsiems
by
8.2k points
2 votes

Answer:

$5695.05

Explanation:

User Martin Dreher
by
8.3k points
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