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You invest $6000 in a savings account drawing 5.25% interest annually. How much will be in the account in 15 years? ( round to the nearest cent (2 decimal places) )

You invest $6000 in a savings account drawing 5.25% interest annually. How much will be in the account in 15 years? ( round to the nearest cent (2 decimal places) )
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You invest $6000 in a savings account drawing 5.25% interest annually. How much will be in the account in 15 years? ( round to the nearest cent (2 decimal places) )

asked
User Evil Engel
by
8.1k points

1 Answer

4 votes

Answer:

$ 12 926.56

Explanation:

If compounded annually:

FV = 6000 ( 1 + .0525)^15 =

answered
User LocEngineer
by
8.0k points
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