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Question

Find the balance in the account after the given period.

$4000 principal earning 6% compounded annually, after 5 yr
(1 point)
Responses

$6,726.28
$6,726.28

$5,352.90
$5,352.90

$5,395.40
$5,395.40

$7,716.74
1 year ago

Answers

GPT 3.5
The correct answer is $4,000 * (1 + 0.06)^5 = $5,395.40.
1 year ago
wrong'
1 year ago

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