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Garrison deposited $500 in an account that earns 5% annual interest compounded annually. If he makes no withdrawals or deposits, what will be the ending balance of his account a…

Garrison deposited $500 in an account that earns 5% annual interest compounded annually. If he makes no withdrawals or deposits, what will be the ending balance of his account a…
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Garrison deposited $500 in an account that earns 5% annual interest compounded annually. If he makes no withdrawals or deposits, what will be the ending balance of his account after 4 years? *

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User Delcypher
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8.0k points

1 Answer

2 votes
$90

3% $500= $15
$15 times 6yrs = $90
answered
User RichyHBM
by
8.5k points
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