#### Answer

1.05; 1.05

#### Work Step by Step

Since we use an interest rate of 5%, we multiply by 1.05. Since the time period is two years, we multiply by 1.05 twice. Therefore:
$\$3000*1.05*1.05=\$3307.50$

Published by
Pearson

ISBN 10:
0321825535

ISBN 13:
978-0-32182-553-7

1.05; 1.05

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