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11 September, 04:10

Ernestine deposited $6800 into a savings account that earns 3.5% simple interest each year calculated annually. What is the future value of Ernestine's account after 16 years?

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  1. 11 September, 04:54
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    Fv=6,800 * (1+0.035*16) = 10,608
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