SOLUTION: 495 at 4% compounded annually for 2 years

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Question 279355: 495 at 4% compounded annually for 2 years
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
495 at 4% compounded annually for 2 years
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495*1.04 = 514.80
514.80*1.04 = $535.39
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For 2 periods, it's easier to multiply it out than apply an equation.