Mathematics, 24.03.2021 07:50 jackydtb

An employee put $3,000.00 in a retirement account that offers 7% interest compounded annually. The employee makes no additional deposits or withdrawals. Which amount is closest to the interest the employee will have earned at the end of 5 years? A. $1207.66

B. $1,050

C. $207.66

D. $407.66

explain please :(

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An employee put $3,000.00 in a retirement account that offers 7% interest compounded annually. The e...