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Marcus deposited 3000 into an account that earns 4 1/2 % annually compounded interest. Calculate the interest Marcus will earn after 6 years and his total balance.​

Marcus deposited 3000 into an account that earns 4 1/2 % annually compounded interest. Calculate the interest Marcus will earn after 6 years and his total balance.​
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4 votes
Marcus deposited 3000 into an account that earns 4 1/2 % annually compounded interest. Calculate the interest Marcus will earn after 6 years and his total balance.​

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User Chatuur
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1 Answer

4 votes
He would earn $906.78 in interest that has compounded (compound interest) in a time period of six years.
answered
User Guilherme Crozariol
by
7.7k points
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