wisdom1440cj wisdom1440cj
  • 14-11-2018
  • Mathematics
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you deposit 1000 for 4 yearsat an interest rate of 2% if the interest is compounded annually how much money do you have after the four years?

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deboada35
deboada35 deboada35
  • 14-11-2018

M= C(1+(in)) =  1000*(1+(0.02*4) = 1080

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