Homework Help: Confused calculus

Posted by Leandra on Wednesday, November 28, 2012 at 11:53am.

Pete invests $10,000 in a certificate of deposits that earns 3% interest , compounded yearly. What will be te compound income at the end of 5 years?

Confused calculus - Steve, Wednesday, November 28, 2012 at 12:05pm
10000(1.03)^5 - 10000 = 1592.74 accrued interest

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