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Rob is planning to deposit today $20,000 and $10,000 after 2 years from today into a bank account that will pay 9% interest on deposits.
Rob is planning to deposit today $20,000 and $10,000 after 2 years from today into a bank account that will pay 9% interest on deposits. If there is no other deposit and withdrawal for this account, how much money will be there (a) after 5 years from today? (b) after 6 years from today?
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