SOLUTION: 1. You deposit $500 in a savings account with 3% interest compounded annually. Whats is the balance in the account after 10 years?
a. $368.71
b. $671.96
c. $579.64
d. $1000.0
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-> SOLUTION: 1. You deposit $500 in a savings account with 3% interest compounded annually. Whats is the balance in the account after 10 years?
a. $368.71
b. $671.96
c. $579.64
d. $1000.0
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Question 720914: 1. You deposit $500 in a savings account with 3% interest compounded annually. Whats is the balance in the account after 10 years?
a. $368.71
b. $671.96
c. $579.64
d. $1000.00
2. A bank account with a starting balance of $1500 earns 6% annual interest, compounded monthly. What is the balance after 2 years?
a. $1520.98
b. $1690.74
c. $1508.68
d. $1700.42 Answer by lynnlo(4176) (Show Source):
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