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You invest $2000 in an account that is compounded annually at an interest rate of 5% . You never withdraw money from the account. How much money will be in the account after 4 y…

You invest $2000 in an account that is compounded annually at an interest rate of 5% . You never withdraw money from the account. How much money will be in the account after 4 y…
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1 vote
You invest $2000 in an account that is compounded annually at an interest rate of 5% . You never withdraw money from the account. How much money will be in the account after 4 years?

asked
User Benyamin Limanto
by
8.4k points

1 Answer

5 votes

$2,431 is the answer to this problem I think

answered
User Darran L
by
8.0k points
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