LadyQueen964 LadyQueen964

13-05-2017
Business

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Suppose you put $500 into a bank account today. interest is paid annually and the annual interest rate is 3 percent. the future value of the $500 after 1 year is

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Aliwohaish12 Aliwohaish12

13-05-2017

A=p (1+r)^t
A=500×(1+0.03)^(1)
A=515

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