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6 May, 15:16

Mary deposits $7,500 into a bank. She can't withdraw or deposit any more money for 6 years. She earn 6% interests during that time.

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  1. 6 May, 15:30
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    Formula = P (1+r) ^t

    7500 * (1.0.06) ^6

    7500 * (1.06) ^6

    $10,638.89 after 6 years
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