Mathematics, 04.05.2021 20:50 blakestuhan

Lily makes regular deposits to a savings account to save money for retirement. She deposits $1000 to the account
and didn't add any additional money. The account offers
compound interest annually at a rate of 4%. How much
money does Lily have in her account in 2 years?
Step 1:
What is the Pr?
Pis ris
A=P(1+
tis
Step 2
Totalmolol is
(final answer)
1% 1+100
1/100
4% 4 +100 4100
92 9 +1000/100
1102.4
1081.6
O 1020.8
O 1108.6

Answers: 3

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Lily makes regular deposits to a savings account to save money for retirement. She deposits $1000...