SOLUTION: Cindy has a savings account with National Bank. She earns 4% interest compounded yearly on $1,250.00. What amount will she receive in interest in three years?
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Question 1038829: Cindy has a savings account with National Bank. She earns 4% interest compounded yearly on $1,250.00. What amount will she receive in interest in three years?
where is the future value, is the present value or invested principal, is the decimal representation of the annualized interest rate, is the number of compounding periods per year, and is the number of years.
