Question 454898
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Can you show me step by step how to solve this equation?

You deposit $1000 into a savings account in which the intrest is  compounded anuualy at a rate of 5%.


What is the pricipal after 5 years?
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The question in the post is posed incorrectly and shows 
that a person who created/composed the problem did not know the terminology of the subject.


A correct question should ask about the Future value of the account in 5 years.


The principal is and remains unchangeable.