charlesceeceeh2176 charlesceeceeh2176

26-03-2024
Mathematics

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A sum of $53,000 is placed in an investment account that grows at a fixed rate of 2% (compound growth) per year. How much is in the account after four years? Round your answer to the nearest whole number.
a) $55,612
b) $55,000
c) $54,124
d) $54,812

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