Suppose you put $5,000 into a bank account with an annual interest rate of 4%. What will be the account balance at the end of
Suppose you put $5,000 into a bank account with an annual interest rate of 4%. What will be the account balance at the end of 8 years if the interest rate is compounded annually?
a). $6,584
b). $5,117
c). $6,600
d). $6,843
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Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
