markethiastinson1 markethiastinson1

19-09-2022
Mathematics

Answered

Suppose that $3000 is placed in an account that pays 18% interest compounded each year. Assume that no withdrawals are made from the account. Follow the instructions below. Do not do any rounding. (a) Find the amount in the account at the end of 1 year. (b) Find the amount in the account at the end of 2 years.

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