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If you deposit $5,000 in an account that pays 5% interest compound annually, how much money will have in your account at the end of 15 years? Write an exponential function that …

If you deposit $5,000 in an account that pays 5% interest compound annually, how much money will have in your account at the end of 15 years? Write an exponential function that …
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If you deposit $5,000 in an account that pays 5% interest compound annually, how much money will have in your account at the end of 15 years? Write an exponential function that represents this situation.

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User SteveM
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1 Answer

1 vote
1.05^15 * 5000 = 10394.6
answered
User Ryan Schaefer
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8.5k points
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