Compound interest 1.If you put $10,000 in a savings account that earns 3.5% interest per year compounded annually, how much would you expect to have in that account in 5 years.

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Chapter7: Exponents And Exponential Functions
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Compound interest

1.If you put $10,000 in a savings account
that earns 3.5% interest per year compounded annually, how
much would you expect to have in that account in 5 years.

Compound interest

2. How much money should you put in a
savings account now that earns 3.0% a year compounded
weekly if you want to have $80,000 in 15 years? 

 

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