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Adam invests his scholarship money of $5,000 into a five-year bond paying 5% simple interest annually. what will be his future value of his deposit after the five-year period?​<…

Adam invests his scholarship money of $5,000 into a five-year bond paying 5% simple interest annually. what will be his future value of his deposit after the five-year period?​<…
asked 120k views
3 votes
Adam invests his scholarship money of $5,000 into a five-year bond paying 5% simple interest annually. what will be his future value of his deposit after the five-year period?​

asked
User Jaanhio
by
7.8k points

1 Answer

3 votes

Answer: 6,250

Step-by-step explanation:

answered
User Jeff Prouty
by
8.3k points
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