SOLUTION: You deposit $450 in an account earning 3% interest compounded annually. How much will you have in the account in 7 years?

SOLUTION: You deposit $450 in an account earning 3% interest compounded annually. How much will you have in the account in 7 years?

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Question 715789:
You deposit $450 in an account earning 3% interest compounded annually. How much will you have in the account in 7 years?
Answer by checkley79(3341) (Show Source): You can put this solution on YOUR website!
450(1+.03)^7
450*1.03^7
450*1.23=$553.44 ANS.
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