compound Interest
Fredo spends $75 each year in an accont earing 3% interest compounded annually. If he deposites an additional $75 per year and does not make any withdrawals, how much interest will the account earn in the fourth year?
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compound Interest
Fredo spends $75 each year in an accont earing 3% interest compounded annually. If he deposites an additional $75 per year and does not make any withdrawals, how much interest will the account earn in the fourth year?
Fredo spends $75 each year in an accont earing 3% interest compounded annually. If he deposites an additional $75 per year and does not make any withdrawals, how much interest will the account earn in the fourth year?