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Asked by INDIANA

a credit union pays 8 percent per annum compound interest on all fixed deposits. a consumer deposited $24000 in an account. calculate the total amount of money in the account at the end of two years.
13 years ago

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Answered by Steve
24000(1+.08)^2 = 27993.60
13 years ago
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a credit union pays 8 percent per annum compound interest on all fixed deposits. a consumer deposited $24000 in an account. calculate the total amount of money in the account at the end of two years.

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