brandone17 brandone17

03-12-2020
Mathematics

contestada

Julio deposits $345 in an account that earns 3.1% interest compounded annually. How much money is in the account after 15 years?

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emanuelmendoza577 emanuelmendoza577

03-12-2020

Answer:

A = $ 545.38

A = P + I where

P (principal) = $ 345.00

I (interest) = $ 200.38

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