Answered

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Mr. and Mrs. Steele, deposited $8,000 to open a college savings account for their granddaughter on the day she was born. The account pays 5% simple interest annually. If they made no other deposits or withdrawals since then, how much money would be in the account after 18 years?

Sagot :

Answer:

see my explantion!!

Step-by-step explanation:

8000*0.05=400

400*18=7200$

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