SOLUTION: A retiree invests $3,000 in a savings plan that pays 6% per year. What will the account balance be at the end of the first year?

SOLUTION: A retiree invests $3,000 in a savings plan that pays 6% per year. What will the account balance be at the end of the first year?

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Question 913378: A retiree invests $3,000 in a savings plan that pays 6% per year. What will the account balance be at the end of the first year?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
3000*1.06=$3180
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