[Solved] You have $400 and a bank is offering 5.5%

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You have $400 and a bank is offering 5.5% interest on deposits. If you deposit the money in the bank, how much will you have

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You have $400 and a bank is offering 5.5% interest on deposits. If you deposit the money in the bank, how much will you have in one year? In one year you will have $ (Round to the nearest cent.)

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