Question 1195745
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P = deposit = $5000
r = annual interest rate in decimal form = 0.025
n = number of times money is compounded per year = 1
t = number of years = 5


A = P(1+r/n)^(n*t)
A = 5000(1+0.025/1)^(1*5)
A = 5657.04106445312
A = <font color=red>5657.04 dollars</font>
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