How much interest will you earn during the 7 years

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Reference no: EM13215137

If you put $7,000 in a savings account that pays interest at the rate of 3 percent, compounded annually,
how much will you have in 7 years? Round the answer to the nearest cent.

(Hint: Use the future value formula.)

how much interest will you earn during the 7 years? Round the answer to the nearest cent

If you put $7,000 at the end of each year into a savings account that pays interest at the rate of 3 percent a year, how much would you have after 7 years?

Reference no: EM13215137

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How much interest will you earn during the 7 years : how much interest will you earn during the 7 years Round the answer to the nearest cent If you put $7,000 at the end of each year into a savings account that pays interest at the rate of 3 percent a year, how much would you have after 7 years

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