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Gerhard deposited $5600 into a savings account that earned 4.5% simple interest each year calculated annually .What is the future value of Gerhard's account after 12 years?…

Gerhard deposited $5600 into a savings account that earned 4.5% simple interest each year calculated annually .What is the future value of Gerhard's account after 12 years?…
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Gerhard deposited $5600 into a savings account that earned 4.5% simple interest each year calculated annually .What is the future value of Gerhard's account after 12 years?

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User Gio Borje
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7.8k points

1 Answer

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The answer is
5600+(5600*0.045*12)=5852
answered
User Vctlzac
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8.3k points
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