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Don earned $1,800 last summer. If he deposited the money in his savings account that earns 4% interest compounded monthly, how much money will he have in 5 years?

Don earned $1,800 last summer. If he deposited the money in his savings account that earns 4% interest compounded monthly, how much money will he have in 5 years?
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1 vote
Don earned $1,800 last summer. If he deposited the money in his savings account that earns 4% interest compounded monthly, how much money will he have in 5 years?

asked
User Chris Maness
by
8.1k points

1 Answer

5 votes
$2160

I hope this helps you out Sierra272000.
answered
User Bogdan Vakulenko
by
7.6k points
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