SOLUTION: John depostited $100 at a 3% annual interst rate in a saving account fifty years ago, and then he promptly forgot he had done it. recently, he wa cleaning out his home office and d

SOLUTION: John depostited $100 at a 3% annual interst rate in a saving account fifty years ago, and then he promptly forgot he had done it. recently, he wa cleaning out his home office and d

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Question 459423: John depostited $100 at a 3% annual interst rate in a saving account fifty years ago, and then he promptly forgot he had done it. recently, he wa cleaning out his home office and discovered the forgotten bank book. how much money is in the account
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=100(1.03)^50
A=100*4.3839
A=$438.39
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