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Mathematics

Answered

How much money would be in an account after 20 years if you deposited $5000 in a mutual fund
which compounds interests 5% annually?

Answer :

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Answer:

$5130.84

Step-by-step explanation:

100 + 3 = 103%

103% = 1.013

$5000 x 1.013^2 = $5130.84

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