You deposit $5000 in a bank account that pays an APR of 3% and compounds interest monthly. How much money will you have after 5 years? Compare this
amount to the lamount you'd have if interest were paid only once each year.

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Ответ:

Yasin36

30.05.2023

Mathematics

It is 7r-8 because you combine like terms

-r + 6+8r-14
You subtract r to 8r which is 7r

So now it is 7r + 6 - 14

Then you add 6 to -14 which is -8

And you get 7r -8

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You deposit $5000 in a bank account that pays an APR of 3% and compounds interest monthly. How much money will you have after 5 years? Compare this amount to the lamount you'd have if interest were paid only once each year.