SOLUTION: A bank pays 4% interest on deposits. If you deposit $1,000 how much will be in your account at the ned of six years? Solve using a geometeric or arithmetic formula for sque

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Question 120065:
A bank pays 4% interest on deposits. If you deposit $1,000 how much will be in your account at the ned of six years?
Solve using a geometeric or arithmetic formula for squence or series.
Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
1000(1+.04)^6=$1,265.32 ANSWER.