if 40,000 is put in a savings account paying interest of 4% compounded annually , what i

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if 40,000 is put in a savings account paying interest of 4% compounded annually , what i amount will be in the account at the end of 5 years?

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Statistics for Business and Economics

ISBN: 978-0134506593

13th edition

Authors: James T. McClave, P. George Benson, Terry Sincich

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Posted Date: Jan 28, 2021 12:00 PM

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if 40,000 is put in a savings account paying interest of 4% compounded annually , what i

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We use the formula AP1r100n where Afuture value Ppre... View the full answer

Statistics for Business and Economics

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