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Suppose 6000 is placed in an account that pays 3% interest compounded each year. Assumed that no withdrawals are made from the account . Find the amount at the end of one year ?…

Suppose 6000 is placed in an account that pays 3% interest compounded each year. Assumed that no withdrawals are made from the account . Find the amount at the end of one year ?…
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Suppose 6000 is placed in an account that pays 3% interest compounded each year. Assumed that no withdrawals are made from the account .

Find the amount at the end of one year ?

Find the amount in the account at the end of two year .

asked
User Chad Brewbaker
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7.4k points

1 Answer

2 votes
Find the amount at the end of one year? $6180
Find the amount in the account at the end of two year. $6365.4
answered
User PaulWen
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8.6k points
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