If You Deposit $100 into an Account That Pays $5 \%$

question 23

Short Answer

If you deposit $100 into an account that pays $5 \%$ APR compounded daily, what would be the value in the account after 30 years? $\$$$\underline{\quad\quad}$

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Definitions:

HS

An abbreviation often referring to Hypothetical Syllogism, a logical argument form using two conditional statements to deduce a conclusion.

Inference Forms

Patterns of reasoning where the conclusion logically follows from premises.

Inference Forms

Patterns of reasoning that determine the validity of an argument by analyzing its structure.

HS

A logical argument pattern of hypothetical syllogism, involving two conditional statements leading to a conclusion.