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You invest 500 for 5 years at 4 interest pa how much do you have after 5 years?
Wiki User
∙ 15y ago
$608.33 or so. Take 1.04 and multiply to the exponent of 5 (1.04*1.04*1.04*1.04*1.04). Then take that number and multiply by your $500.
Wiki User
∙ 15y ago
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