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How much interest is gained if $250 is deposited in your bank account at the end of the year for each of the next 7 years? savings account pays 8% compounded annually?

How much interest is gained if $250 is deposited in your bank account at the end of the year for each of the next 7 years? savings account pays 8% compounded annually?
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How much interest is gained if $250 is deposited in your bank account at the end of the year for each of the next 7 years? savings account pays 8% compounded annually?

User Emanuela
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1 Answer

6 votes
Compounded Interest after 7 years will be $744.50
User Leem
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