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John's parents deposited $1,000 into a savings account as a college fund when he was born. How much will John have in this account after 18 years at a yearly simple interest rate of 3.25%.
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John's parents deposited $1,000 into a savings account as a college fund when he was born. How much will John have in this account after 18 years at a yearly simple interest rate of 3.25%.

User Bertrand Martel
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5 votes

Answer:

John will have $1,585

User Mike Hanafey
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