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Unformatted text preview: Solve: $100-10ft, $225-20ft, $375-30ft, $550-40ft, $750-50ft, $975-60ft, $1225-70ft, $1500-80ft, $1800-90ft. My work shows that are answer for this problem would be $1800 for 90ft. 37. A person deposited $500 in a savings account that pays 5% annual interest that is compounded yearly. At the end of 10 years, how much money will be in the savings account? Solve: You take 500 and multiply the 5% which would be 0.05 and you get 25. That is one year of interest. Then you take 25 and multiply 10 and you would get 250 then add your 500 and you get the answer of 750. (Mathematics in Our World. McGraw-Hill Create p. 282). <vbk:9780390671455#page(282)>...
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This note was uploaded on 08/24/2011 for the course ENG 225 taught by Professor Richardbair during the Spring '10 term at Ashford University.
- Spring '10