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April 2, 2015

April 2, 2015

Posted by **DEE** on Saturday, February 25, 2012 at 5:38pm.

- MATH -
**DEE**, Saturday, February 25, 2012 at 5:44pmIf $605 is invested in an account that earns 20.25%, compounded annually, what will the account balance be after 25 years? (Round your answer to the nearest cent.)

- MATH -
**Damon**, Saturday, February 25, 2012 at 8:30pm1.04^20 = 2.19

2.19*285,000 = 624,470

- MATH -
**Damon**, Saturday, February 25, 2012 at 8:31pmNow do

1.2025^25 *605

= 60,797

**Answer this Question**

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