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Caelan has $ 7,500 in an account that earns 3.2% compounded interest annually. If she doesn't touch the money, how much will it be after 5 years?

Caelan has $ 7,500 in an account that earns 3.2% compounded interest annually. If she doesn't touch the money, how much will it be after 5 years?
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Caelan has $ 7,500 in an account that earns 3.2% compounded interest annually. If she doesn't touch the money, how much will it be after 5 years?

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User Dierre
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8.1k points

1 Answer

2 votes

7500(1+0.032)5=

1.032 to the power of 5= 1.171

7500x 1.171=8,782

answered
User Piyush Sanepara
by
8.2k points
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