If $2,000 is invested in an account that earns 8.25% compounded annually for 5 years, find the

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If $2,000 is invested in an account that earns 8.25% compounded annually for 5 years, find the interest earned during each year and the amount in the account at the end of each year. Organize your results in a table.

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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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Question Posted: Apr 14, 2016 07:31 AM

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If $2,000 is invested in an account that earns 8.25% compounded annually for 5 years, find the

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P 2000 r 825 00825 i since the interest is compounded annually 1st year A P1 i n ...View the full answer

College Mathematics for Business Economics Life Sciences and Social Sciences

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