document.write( "Question 1137685: Ms. White invests $2,000 in a saving plan. The savings account pays an annual interest rate of 5.75% on the amount she put in at the end of each year. How much will be in her saving plan at the end of 10 years? \n" ); document.write( "

Algebra.Com's Answer #755561 by ikleyn(52858) $\"\"$ $\"About$

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document.write( "Assuming simple interest account,\r\n" );
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document.write( "2000 + 0.0575*2000*10 = 3150 dollars at the end of 10 years.\r\n" );
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document.write( "Assuming compound interest account\r\n" );
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document.write( " = 3498.11 dollars at the end of 10 years.\r\n" );
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