Suppose that $20,000 is invested at 5% interest. Find the amount of money in the account...
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Suppose that $20,000 is invested at 5% interest. Find the amount of money in the account after 2 years if the interest is compounded annually. If interest is compounded annually, what is the amount of money after 2 years? (Do not round until the final answer. Then round to the nearest cent as needed.) Suppose that $20,000 is invested at 5% interest. Find the amount of money in the account after 2 years if the interest is compounded annually. If interest is compounded annually, what is the amount of money after 2 years? (Do not round until the final answer. Then round to the nearest cent as needed.)
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