elenacmcg elenacmcg

07-02-2021
Mathematics

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Suppose your friend's parents invest $20,000 in an account paying 7% compounded annually. What will the balance be after 5 years?

Respuesta :

tunisonalex tunisonalex

07-02-2021

Answer:

28,051.03

Step-by-step explanation:

the equation for that is 20,000x(1.07)^5

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