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8 July, 08:13

Gerhard deposited $5600 into a savings account that earned 4.5% simple interest each year calculated annually. What is the future value of Gerhard's account after 12 years?

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Answers (2)
  1. 8 July, 08:26
    0
    the answer is 8624 on APEX
  2. 8 July, 08:35
    0
    The answer is

    5600 + (5600*0.045*12) = 5852
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