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on January 1, 2018, John deposited $5000 into a savings account that pays interest at 5% compounded annually. If he makes no further deposits or

on January 1, 2018, John deposited $5000 into a savings account that pays interest at 5% compounded annually. If he makes no further deposits or withdrawals, how much will John having his account on December 31, 2020 (3 years later)?

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