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22 June, 22:13

Theo deposits $2,000 deposit in a savings account earning compound interest at an annual rate of 5% compounded annually. He makes no additional deposits or withdrawals. Use the formula for compound interest to find the amount in the account after 10 years.

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  1. 22 June, 22:38
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    The amount in the account after 10 years would be $3257.79
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