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Norachai invests $3,183 in a retirement account with a fixed annual interest rate of 2% compounded 6 times per year. What will the account balance be after 18 years?

Norachai invests $3,183 in a retirement account with a fixed annual interest rate of 2% compounded 6 times per year. What will the account balance be after 18 years?
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Norachai invests $3,183 in a retirement

account with a fixed annual interest rate of
2% compounded 6 times per year. What
will the account balance be after 18 years?

asked
User Iacopo Boccalari
by
8.5k points

1 Answer

5 votes

Answer: HE should enter lottery

Explanation:

answered
User Calvin Ferrando
by
7.6k points
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