h2001baby h2001baby

25-11-2022
Mathematics

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Suppose Deandre places $5000 in an account that pays 8% interest compounded each year.
Assume that no withdrawals are made from the account.
Follow the instructions below. Do not do any rounding.
(a) Find the amount in the account at the end of 1 year.
(b) Find the amount in the account at the end of 2 years.

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