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Puzzle Three You are starting a savings account for college. You put $1,000 in as your starting balance. You earn simple interest at 10% every year. You also must pay 30% income tax on the interest earned annually. Calculate the interest, balance, tax paid, and the overall balance of the account after taxes. To break the code determine the accounts overall balance for year 5 after taxes after been paid. ​

User Kempeth
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1 Answer

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the answer I think you might be looking for is $1070

User Ibragimov
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