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You decide to place $11,000 on deposit for 5 years. The bank offers you 6 percent compounded annually. Click here to access the TVM Factor
You decide to place $11,000 on deposit for 5 years. The bank offers you 6 percent compounded annually. Click here to access the TVM Factor Table Calculator What is the total amount of money in the account at the end of 5 years? $ Round entry to the nearest dollar. Tolerance is +4. What value of simple interest would be necessary to have the same amount of money in the account at the end of 5 years? % Round entry to one decimal place. Tolerance is +2
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