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You deposited $6500 in an account earning 2% interest per year for 10 years. How much money was in the account at the end of those 10 years?

Guest Apr 3, 2017
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Assuming compound interest, we have......

 

6500 ( 1.02)^10   = $7923.46    after 10 years

 

 

 

cool cool cool

CPhill  Apr 3, 2017

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