SOLUTION: An amount of $1,000 is deposited into a bank account that pays 4% interest compounded once a year. If there are no other withdrawals or deposits, what will be the balance of the ac
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Question 1141395: An amount of $1,000 is deposited into a bank account that pays 4% interest compounded once a year. If there are no other withdrawals or deposits, what will be the balance of the account after 3 years? Round your answer to the nearest cent. *
10 points Answer by greenestamps(13195) (Show Source):
