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27 April, 00:47

1600 dollars is placed in an account with an annual interest rate of 5.25%. How much will be in the account after 25 years, to the nearest cent?

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  1. 27 April, 04:21
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    3700 dollars.

    5.25% of 1600 is 84. 84*25=2100. 1600+2100=3700.
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