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22-09-2021
Mathematics

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What is the balance after one year on an investment of $20,000 earning 5.2% interest compounded annually? what is the answer

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sapphirepintar sapphirepintar

22-09-2021

Answer:

1040

Step-by-step explanation:

20,000 is how much you have and you would multiply 20,000*5.2% or 20,000*.052 (converting a percent to a decimal.)

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