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Calculate the amount of compound interest that is earned after five years on $5,000 which has an annual interest rate of $4% compounded annually

 Jan 22, 2017
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5000(1.04)^5  -  5000 =  5000 [ (1.04)^5 - 1 ]  ≈  $1083.26

 

 

cool cool cool

 Jan 22, 2017

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