brandonupton brandonupton
  • 01-11-2016
  • Mathematics
contestada

If 10,500 is deposited in a compound interest account paying 2.99% interest annually, how much will be in the account after 5 years? Round your answer to the nearest cent.

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MeehanSW
MeehanSW MeehanSW
  • 01-11-2016
2.99% x 5 = 167.22
10,500.00 + 167.22 = 10,667.22
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