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John deposited $2860 in a bank that pays 9% interest, compounded monthly. Find the amount he will have at the end of 3 years.

John deposited $2860 in a bank that pays 9% interest, compounded monthly. Find the amount he will have at the end of 3 years.
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John deposited $2860 in a bank that pays 9% interest, compounded monthly. Find the amount he will have at the end of 3 years.

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User Elazar Leibovich
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2 Answers

4 votes

Answer: 3742.73

Step-by-step explanation:

answered
User Xmedeko
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4 votes
Please see figure for the answer.
John deposited $2860 in a bank that pays 9% interest, compounded monthly. Find the-example-1
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User JesperSM
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