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10 February, 09:44

On your birthday, you deposit $540.00 in a account that pays 6% interest, compounded annually. How much is in the account 3 years later?

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  1. 10 February, 10:10
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    6% of 540 is 32.4

    32.4 x 3 = 97.2

    97.2 + 540 = 637.2
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