SOLUTION: Please help me solve this problem --you deposit 2000 in a 5 year certificate of deposit that pays 3% interest compounded annually. to the nearest dollar what balance will the accou
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Question 863126: Please help me solve this problem --you deposit 2000 in a 5 year certificate of deposit that pays 3% interest compounded annually. to the nearest dollar what balance will the account show when your certificate comes through
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
FV = Future Value
PV = Present Value
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FV = PV*(1.03)^5
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