Mathematics, 08.11.2020 04:20 missalawode28

Suppose Kareem places 5500 in an account that pays 3% interest compounded each year. Assume that no withdrawals are made from the account. Do not do any rounding.

A:Find the amount in the account at the end of 1 year.

B: Find the amount in the account at the end of 2 years

Answers: 2

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Suppose Kareem places 5500 in an account that pays 3% interest compounded each year. Assume that no withdrawals are made from the account. Do not do any rounding.A:Find the amount in the account at the end of 1 year.B: Find the amount in the account at the end of 2 years

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Suppose Kareem places 5500 in an account that pays 3% interest compounded each year. Assume that no withdrawals are made from the account. Do not do any rounding.

A:Find the amount in the account at the end of 1 year.

B: Find the amount in the account at the end of 2 years