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Find the final amount of money in an account if $2,500 is deposited at 4% interest...

Find the final amount of money in an account if $2,500 is deposited at 4% interest compounded annually and the money is left for 10 years.

The final amount is $ . Round answer to 2 decimal places

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Answer #1

Sol. Giuen = of 100 Given principle amount rate enterest r=4%=4 =0.04 time t Compounded annually The amount 10 t 10 A=P (ltr)

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