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Marie has $3,000 in a savings account that earns 4% interest, compounded annually.

To the nearest cent, how much will she have in 2 years?

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  1. 29 May, 16:29
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    Step-by-step explanation:

    formula starting value X interest to the power of no of years is the new money

    so 3000*1.04² is 3244.8

    so it is $3245
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