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Posted by on Friday, August 2, 2013 at 6:26pm.

If a nurse deposits $2,000 today in a bank account and the interest is compounded annually at 10 percent, what will be the value of this investment:
a. five years from now?
B. ten years from now?
C. fifteen years from now?
D. twenty years from now?

  • Math - , Friday, August 2, 2013 at 6:39pm

    I will do the first, you do the rest the same way

    a) amount = 2000(1.10)^5 = 3221.02

    b) ...

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