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Laura invests $2,000 in a bank account which pays a compound interest rate of 6.4%. To the nearest cent, what amount is in the account after 5 years? $4 To the nearest cent, what's the total amount of interest earned over 10 years?

Laura invests $2,000 in a bank account which pays a compound interest rate of 6.4%. To the nearest cent, what amount is in the account after 5 years? $4 To the nearest cent, what's the total amount of interest earned over 10 years?

Intermediate Algebra
Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...
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Laura invests $2,000 in a bank account which pays a compound interest rate of 6.4%. To the nearest cent, what amount is in the account after 5 years? To the nearest cent, what's the total amount of interest earned over 10 years? %24 bksb 2021 %24 %24
Transcribed Image Text:Laura invests $2,000 in a bank account which pays a compound interest rate of 6.4%. To the nearest cent, what amount is in the account after 5 years? To the nearest cent, what's the total amount of interest earned over 10 years? %24 bksb 2021 %24 %24
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