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If $10,000 is invested at a rate of 2 percent for 5 years, how much money is in the account at the end of the term?

If $10,000 is invested at a rate of 2 percent for 5 years, how much money is in the account at the end of the term?
asked 58.3k views
5 votes
If $10,000 is invested at a rate of 2 percent for 5 years, how much money is in the account at the

end of the term?

asked
User Gene Merlin
by
8.7k points

1 Answer

4 votes
A(6)=10000(1+.02/2)^2*6
answered
User Andresmijares
by
7.9k points
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