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2. Given that interest is paid at 5% on your balance at the end of each year, calculate how much you would have after 25

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2. Given that interest is paid at 5% on your balance at the end of each year, calculate how much you would have after 25 years (ie on the first day of the 26th year) if you: a. invest $1000 on the first day of the first year b. invest $1000 on the first day of each year

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