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You deposit $1,800 at the end of each year into an account paying 10.6 percent interest. a. How much money will you have in the account in 16 years?
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You deposit $1,800 at the end of each year into an account paying 10.6 percent interest.

a. How much money will you have in the account in 16 years?

User Amith Chinthaka
by
5.0k points

1 Answer

9 votes

Answer:

4852.80

Step-by-step explanation:

1800×10.6%= 190.80 / year

190.80 × 16 years = 3052.80

3052.80 + 1800=

4852.80

User Gagan T K
by
4.3k points
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