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A retiree invests $8,000 in a savings plan that pays 7% per year. What will the account balance be at the end of the first year?

A retiree invests $8,000 in a savings plan that pays 7% per year. What will the account balance be at the end of the first year?
asked 54.9k views
5 votes
A retiree invests $8,000 in a savings plan that pays 7% per year. What will the account balance be at the end of the first year?

asked
User Taeho Kim
by
8.6k points

1 Answer

3 votes
7440 in end of the year..hope to be useful
answered
User Aaron Greenwald
by
7.7k points
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