document.write( "Question 1166970: An entrepreneur, deposits 5 000 000.00 dollars in a bank for a 3 year term, which earns an interest of 7% compounded annually. How much will his money grow after 3 years?
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Algebra.Com's Answer #791525 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! will use 5 million \n" ); document.write( "P=5(1+.07)^3, round at end \n" ); document.write( "P=6.125215 or $6,125,215 at the end of 3 years \n" ); document.write( "It grew $1,125,215 dollars \n" ); document.write( " |