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Suppose your friend's parents invest $15,000 in an account paying 4 percent compounded annually. What will the balance be after 5 years? (12 points to whoever can help me!)…

Suppose your friend's parents invest $15,000 in an account paying 4 percent compounded annually. What will the balance be after 5 years? (12 points to whoever can help me!)…
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Suppose your friend's parents invest $15,000 in an account paying 4 percent compounded annually. What will the balance be after 5 years? (12 points to whoever can help me!)

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User Nils Hott
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7.3k points

1 Answer

4 votes
Im not real sure if this is it but if you start with 15,000 and its 4% for 5 years then This investment will be worth: $18,250. hope it helps

answered
User Amol Patil
by
7.9k points
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