Juanita deposited $12,000 in a savings bond that earns 6% interest. How much money will she have when the bond matured in 25 years?
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Say you deposit $1000 into a savings account paying 2.5% annual interest that matures in 5 years. How much money will you have ( principal plus interest) at the end of the 5 year term? Solution.
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Answer explanation attached. $48,587.22
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