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serita97
serita97 serita97
  • 21-11-2016
  • Mathematics
Answered

A retiree invests $5,000 in savings plan that pays 4% per year. What will the account balance be at the end of the first year ?

Verified Answer :

Goten
Goten Goten
  • 21-11-2016

$5000 + 4% = $5000.04

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Anthjcress Anthjcress
  • 21-11-2016

At the end of the first year the account balance would be 200! 5000 x .04 = 200$

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