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2jtbender 2jtbender
  • 11-05-2016
  • Mathematics
Answered

Fredo deposits $75 each year in an account earning 3% interest compounded annually. If he deposits an additional $75 per year and does not make any withdrawals, how much interest will the account earn in the fourth year?

Verified Answer :

NERDY101ROCKS
NERDY101ROCKS NERDY101ROCKS
  • 22-05-2016

2.25 will be added into the account of the total of the money

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