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If $5,600 is deposited into an account paying 5% interest compounded annually, how much money is in the account agter 3 years?

3 answers

5600*(1.05)^3 = ?

http://www.google.com/search?source=ig&hl=en&rlz=&q=5600*%281.05%29%5E3+%3D&btnG=Google+Search&aq=f&oq=&aqi=

Is the answer $6482.70?

Yes

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