Jamilah and Alexis have $500 to invest. The bank offers an interest rate of 6% compounded annually. a) How much money wi

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answerhappygod
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Jamilah and Alexis have $500 to invest. The bank offers an interest rate of 6% compounded annually. a) How much money wi

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Jamilah and Alexis have $500 to invest. The bank offers an
interest rate of 6% compounded annually.
a) How much money will they have after 1 year?
b) How much money will they have after 5 years?
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