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31 January, 10:33

Javier put his $20,000 into a high yield savings account that pays 3.5% annually. The account is

compounded annually. If the bank uses a compound interest formula, how much will the account be

worth in 8 years if left untouched?

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Answers (1)
  1. 31 January, 11:06
    0
    Step-by-step explanation:

    3.5% of 20000 = 700

    700 x 8 = 5600

    2000 + 5600 = 25600
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