[Solved] If you deposit $ 7 , 0 0 0 in a bank acco

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If you deposit $ 7 , 0 0 0 in a bank account that pays 1 1 % interest annually, how much will be in

If you deposit $

7, 000

in a bank account that pays

11 %

interest annually, how

much will be in your account after

5

years? Do not round intermediate

calculations. Round your answer to the nearest cent.

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