Solution
You deposit all of your graduation money, 2, 560 , into an account earning 3.5% interest, compounded annually. You want to let it sit, no deposits or withdraws, while you are in college for 4 years. How much will you have at the end of 4 years? Round to the nearest cent.
Solution
Solution steps
Translate the problem into an equation:
Round to the nearest hundredth:
Popular Examples
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