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Asked by Angie

You deposit $200 into an account earning 5%, compounded monthly. How much will be in the account after 2 years?
16 years ago

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Answered by Reiny
following the same procedure I showed you earlier, you would have

amount = 200(1.05)^2
= ....
16 years ago
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You deposit $200 into an account earning 5%, compounded monthly. How much will be in the account after 2 years?

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