SOLUTION: If you put $4,000 in a savings account that pays interest at the rate of 4%, compounded annually, how much will you have in 5 years? (Hint, use the future value formula.) How much
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-> SOLUTION: If you put $4,000 in a savings account that pays interest at the rate of 4%, compounded annually, how much will you have in 5 years? (Hint, use the future value formula.) How much
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Question 808095: If you put $4,000 in a savings account that pays interest at the rate of 4%, compounded annually, how much will you have in 5 years? (Hint, use the future value formula.) How much interest will you earn during the 5 years? If you put %4,000 each year into a savings account that pays interest at the rate of 4% a year, how much would you have after 5 years? Answer by rfer(16322) (Show Source):
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