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An employee put $5,000.00 in a retirement account that offers 9% 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?

Respuesta :

xiligxn

Answer:

$7693.12

Step-by-step explanation:

Use the formula P(1+r/n)^nt

So 5000(1+.09)^5

That comes out to 7693.12

Hope this helps

Brainliest would be appreciated
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