SOLUTION: A savings account with $2250 has an interest rate of 5%. If the interest is compounded annually, how much will be in the account after two years?
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Question 1115055: A savings account with $2250 has an interest rate of 5%. If the interest is compounded annually, how much will be in the account after two years?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=2250(1.05)^2
FV=2250(1.1025)
FV=2480.63
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