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4 August, 14:54

What would my final balance be if i put $650 in the bank for 60 months with an interest rate of 6%?

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  1. 4 August, 15:05
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    60/12=5 years

    100%+6%=106%=1.06

    650 x 1.06^5=$896.84662 ... rounded is $896.85
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