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Miguel deposits $1,000 into a savings account that pays 1% interest. At the end of the first year, he's earned $10 in interest and there
Miguel deposits $1,000 into a savings account that pays 1% interest. At the end of the first year, he's earned $10 in interest and there is $1,010 in the account. If he leaves the $1,010 in the account which has compounding interest and he does not add more to this account, the total amount in the account at the end of the second year would be
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