amoshenderson241 amoshenderson241

05-03-2022
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A new Bank customer with$2500 wants to open a money market account. The bank is offering a simple interest rate of 1.7%. How much interest will the customer earn in 30 years

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Anonyv1yx Anonyv1yx

05-03-2022

Answer:

the bank customer will make $4145.42 in 30 years

Explanation:

we do the equation 2500(1.0017)^30

get 4145.42

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