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How much would $200 invested at 6% interest compounded annually be worth after 5 years? Round your answer to the nearest cent.m

User Makpoc
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1 Answer

4 votes

Answer:

$252.50

Explanation:

Furture value$252.50

Total Deposits: $200

Interest Earned: $52.50

How much would $200 invested at 6% interest compounded annually be worth after 5 years-example-1