Asked by Anonymous
37. A person deposited $500 in a savings account that pays 5% annual interest that is
compounded yearly. At the end of 10 years, how much money will be in the savings
account?
compounded yearly. At the end of 10 years, how much money will be in the savings
account?
Answers
Answered by
Damon
500 * 1.05^10
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