paynekanessa paynekanessa

18-07-2021
Mathematics

contestada

Dorothy put $470 into a savings account for one year. The rate of interest on the account was 5.5%. Find the interest earned on the amount.

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zkphillips55 zkphillips55

18-07-2021

Answer: $25.85 assuming annual compounding.

Step-by-step explanation:

PV=470

I/Y=5.5

N=1

CPT_FV

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