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Suppose Jane places $8000 in an account that pays 2% interest compounded each year. Assume that no withdrawals are made from the account.

Suppose Jane places $8000 in an account that pays 2% interest compounded each year. Assume that no withdrawals are made from the account.
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5 votes
Suppose Jane places $8000 in an account that pays 2% interest compounded each year. Assume that no withdrawals are made from the account.

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User Jeremy Andrews
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8.5k points

1 Answer

5 votes
She makes $160 each year
answered
User Paresh Rathod
by
8.5k points
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