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You deposit 4,000 in an account earning 8% interest compounded monthly. How much will you have in the account in 5 years?

You deposit 4,000 in an account earning 8% interest compounded monthly. How much will you have in the account in 5 years?
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You deposit 4,000 in an account earning 8% interest compounded monthly. How much will you have in the account in 5 years?

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User Binhgreat
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8.3k points

1 Answer

3 votes

Answer:

the answer with the interest for 5 years is $3840 left in the account

Explanation:

answered
User Ant P
by
8.0k points
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