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Suppose $20,000 is deposited into an account paying 4.5% interest, compounded annually. How much money is in the account after four years if no withdrawals or additional deposit…

Suppose $20,000 is deposited into an account paying 4.5% interest, compounded annually. How much money is in the account after four years if no withdrawals or additional deposit…
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Suppose $20,000 is deposited into an account paying 4.5% interest, compounded annually.

How much money is in the account after four years if no withdrawals or additional deposits are made?
$24,100.00
$23,850.37
$23,600.00
$24,350.52

asked
User Subin Mathew
by
8.3k points

1 Answer

2 votes

Answer: 23,850.372

Explanation:

answered
User Sawan Patodia
by
8.7k points
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