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Suppose that today you deposit the amount of $ 550 in a bank. How much would the deposit grow to at the end of year
Suppose that today you deposit the amount of $550 in a bank. How much would the deposit grow to at the end of year 22 if the interest rate is 2.00%? Place your answer in dollars and cents. Do not include a dollar sign or comma in your answer. Work your analysis with at least four decimal places of accuracy.
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