A savings account pays 2 percent interest compounded annually. If 1 dollars comma 200 is deposited initially and again at the first of each year, how much money will be in the account three years after the initial deposit?

Name: Revolt
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Question

Revolt · Accepted Answer

3 dollars comma 672 point 4 8

Practice Exam

A savings account pays 2 percent interest compounded annually. If 1 dollars comma 200 is deposited initially and again at the first of each year, how much money will be in the account three years after the initial deposit?

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