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Cannon wants to put as much as he can into a retirement account as soon as he starts working. He deposits $25,000 at then end of each year for 5 years in an account paying 6% interest compounded annually. How much will he have in the account at the start of the 6th year?

User EXODIA
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2 Answers

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At the beginning of the 6th year, he will have $50,855.64 .
User Nehal Godhasara
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3 votes

Answer:

$140,927.34

Explanation:

User KItis
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