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    NationalHardNumbers & Operations5–6

    Compound Interest

    Juros Compostos

    €5000 is invested at 4%4\% annual compound interest. What is the value after 33 years?

    Each year the amount is multiplied by 1.041.04. Do it year by year, three times.

    Solution

    Step 1 of 4

    1. 1.Year 11: 5000×1.04=5000 \times 1.04 = €5200