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23 September, 19:46

You put $5000 in a savings account which earns compound interest at a rate of 0.5% per month. If you don't make any deposits or withdrawls, how much will you have in your account in 30 years (360 months) ? Round your answer to the nearest whole cent.

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  1. 23 September, 20:00
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    0.5*12=6

    6*30=180

    5000+6+18=5180
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