You invest $1,300 in an account that has an annual interest rate of 5%, compounded annually. How muc

Discussion in 'Calculator Requests' started by math_celebrity, Nov 25, 2016.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    You invest $1,300 in an account that has an annual interest rate of 5%, compounded annually. How much money will be in the account after 10 years?

    Using our compound interest balance calculator, we get:
    $2,117.56
     

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