Barnett Craig
12/27/2023 · Junior High School
Smithy has saved \( \$ 5200 \) from his part-time job. He invests it for two years at \( 3.20 \% \) p.a. so he can buy a car when he turns 18 . Interest is compounded yearly.
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The future value of Smithy's investment after 2 years is approximately $5538.12.
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