Question about SoftMath Algebrator - Algebra Homework Solver (689076614429)

# If \$2,000 left in an account for 4 years earns an interest of \$320 how much would be earned if you deposit \$5,000 for 7 years?

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You have to say if simple or compound interest, and whether annual interest or some other period. Assuming compound interest annually, it is 3.78%, for the second case, earnings are \$1483

Posted on Apr 21, 2014

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