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22 June, 12:29

You receive a bonus at work for $5,000. You decide to invest in a bank account for 5 years. The bank gives you a 2.45% interest rate. Determine the amount of money that will be in the account if the interest is compounded

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  1. 22 June, 13:40
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    5000 (1+0.0245) raise to 5

    $5643.26
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