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Roberto deposited $5,000 into an account with 4.2% interest, compounded monthly. Assuming no other deposits or withdrawals are made, how much will be in the account after 5 year…

Roberto deposited $5,000 into an account with 4.2% interest, compounded monthly. Assuming no other deposits or withdrawals are made, how much will be in the account after 5 year…
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1 vote
Roberto deposited $5,000 into an account with 4.2% interest, compounded monthly.

Assuming no other deposits or withdrawals are made, how much will be in the account
after 5 years?
Round your answer to the nearest cent.

Helpppp!!!

User Xavier Guardiola
by
8.2k points

1 Answer

5 votes

Answer:

$50,581.9

Explanation:

User SemanticZen
by
8.1k points
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