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October 24, 2014

Homework Help: mat 115

Posted by Mickey on Friday, March 12, 2010 at 8:58pm.

If $1,000.00 is deposited into an account paying 3% interest compounded annually (at the end of each year), how much money is in the account after 5 years? (Round to the nearest cent.) I cannot remeber the formula for this problem can you help

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