riahlewis13 riahlewis13

25-09-2019
Mathematics

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If you save $2000 at a rate of 5% for 10 years, what would be the ending value ?

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ekm4267 ekm4267

25-09-2019

Answer:

$1000

Step-by-step explanation:

Take 5% of 2000 (100)

multiply by 10 (I assume this is annually compounding)

and get 1000!

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