Mathematics, 29.11.2021 18:40 AM28

An amount of $1,000 is deposited into a bank account that pays 4% interest compounded once a year. If there are no other withdrawals or deposits, what will be
the balance of the account after 3 years?

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An amount of $1,000 is deposited into a bank account that pays 4% interest compounded once a year....

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An amount of $1,000 is deposited into a bank account that pays 4% interest compounded once a year. If there are no other withdrawals or deposits, what will be the balance of the account after 3 years?

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Another question on Mathematics

An amount of $1,000 is deposited into a bank account that pays 4% interest compounded once a year. If there are no other withdrawals or deposits, what will be
the balance of the account after 3 years?