anaeli3050 anaeli3050

05-09-2019
Mathematics

contestada

You are opening a checking account that earns 5.9% interest each year compounded annually. You deposit $780. After 1 year you will have $826.02. After 2 years you will have $874.76. How much will you have after 3 years?

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sqdancefan sqdancefan

05-09-2019

Answer:

$926.37

Step-by-step explanation:

Each year, the balance is multiplied by 1.059.

1.059×$874.76 = $926.37 . . . after 3 years

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