You placed 6425 in saving account today that earns annual, Finance Basics

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You placed 6425 in saving account today that earns annual

Question: You placed $6,425 in saving account today that earns annual interest rate of 5 percent compounded annually. How much you have in this account at the end.of of 23 years. Assumes that all interest exceeded at the end of the end of the year ias reinvested the next year. Round the answer to two decimal places.

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