1.

Marcos decides to open a savings account to finance his newborn son's studies in the future. For its part, the bank offered him an annual interest rate of 4.8%. The amount that Marcos deposited in the account was $ 2,000,000. If you do not withdraw the money or interest. What capital will it have at 5 years?

Answer»

2528345.43 rsStep-by-step EXPLANATION:CI=P(1+r/100)^N    =2000000*(1+4.8/100)^5    =2000000*(1.048)^5     =2528345.43



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