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20 July, 19:29

Gerhard deposited $5600 into a savings account that earns 4.5% simple interest each year calculated annually. What is the future value of Gerhard's account after 12 years?

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  1. 20 July, 20:48
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    First you have to add 5600*4.7%*12 all of that = $3158.4
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