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If $16,400 is deposited into a CD paying 5.1% annually, how much will be in the account after 20 years? Enter your answer rounded to the nearest cent.

If $16,400 is deposited into a CD paying 5.1% annually, how much will be in the account after 20 years? Enter your answer rounded to the nearest cent.
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If $16,400 is deposited into a CD paying 5.1% annually, how much will be in the account after 20 years? Enter your answer rounded to the nearest cent.

asked
User GManz
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8.2k points

1 Answer

4 votes
A=16,400×(1+0.051)^(20)
A=44,350.46
answered
User Ed Chin
by
8.1k points
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