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Julie deposited some money in a savings account this morning. Her money will earn 5 percent interest, compounded annually. After five years, her savings account

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Julie deposited some money in a savings account this morning. Her money will earn 5 percent interest, compounded annually. After five years, her savings account will be worth $5,000. Assume she will not make any withdrawals. How much did she deposit this morning

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Yes You Can Get A Financial Life

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