How much will you have in a savings account in ten years, if you deposit $1000 in the account at the end of each year and the account earns 6% interest, compounded annually? how would i work this out.

asked Apr 23, 2023 138k views

1 vote

by Pani

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5 votes

Answer:

10 times 1,000 equals 10,000 times 6% equals 600 so that will be 10,600

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