aajaz160 aajaz160
  • 10-06-2021
  • Mathematics
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Suppose you deposit $3000 in a savings account that pays interest at an annual rate of 4%.
What is the growth factor?

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stevenalbarran1
stevenalbarran1 stevenalbarran1
  • 10-06-2021

Answer:

$750 for 4 percent annually

Step-by-step explanation:

3000/4 =750 But it also depends on if you want that 4 percent to grow.

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