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July 6, 2015

Homework Help: math 115 #17

Posted by Debbie on Thursday, December 11, 2008 at 8:48pm.

If $5,600 is deposited into an account paying 5% interest compounded annually (at the end of each year), how much money is in the account after 3 years?

This is what I get"
5600 X .05 =280 X 3 =840

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