cdeanrn5608 cdeanrn5608

29-02-2024
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A $20,000 is invested in an account that earns 5% annual interest compounded monthly. Find the value after 5 years and 15 years

a) $25,525; $32,646
b) $26,532; $35,728
c) $25,000; $30,000
d) $27,500; $35,000

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