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30 August, 20:32

John placed $2,000 in a savings account which compounds interest annually at a rate of 4.3%. How much will he have in the account after 3 years?

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  1. 30 August, 20:34
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    Pf=Pi (1+r) ^t

    Pf=2000 (1.043) ^3

    Pf=2269.25

    $2269.25
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