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An investment account earns 4% per year compounded annually. If the initial investment was $4,000.00, how much is in the accoun...Asked by Kaai97
An investment account earns 4% per year compounded annually. If the initial investment was $4,000.00, how much is in the account after 3 years? Round your answer to the nearest dollar.
Answers
Answered by
ninaaaa
After 3 years, he will have $4499.45
steps:
4000*1.04
=4160*1.04
=4326.4*1.04
=4499.456
steps:
4000*1.04
=4160*1.04
=4326.4*1.04
=4499.456
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