You deposit $2000 in an account with 3% annual compound interest. Complete the following, assuming you make no additional deposits or withdrawals. How fast will the account be growing (in dollars per year) 12 years from now? It will be growing by $ per year. (Round to nearest tenth.)
You deposit $2000 in an account with 3% annual compound interest. Complete the following, assuming you make no additional deposits or withdrawals. How fast will the account be growing (in dollars per year) 12 years from now? It will be growing by $ per year. (Round to nearest tenth.)
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 23E
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Transcribed Image Text:You deposit $2000 in an account with 3% annual compound interest. Complete the following, assuming you make no additional deposits or
withdrawals.
How fast will the account be growing (in dollars per year) 12 years from now?
It will be growing by $ per year.
(Round to nearest tenth.)
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