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Suppose you deposit $1,000 in one lump sum into an account that earns 7% interest compound daily. What would be your balance after 8 years?
Suppose you deposit $1,000 in one lump sum into an account that earns 7% interest compound daily. What would be your balance after 8 years? If you would like to have a one million dollar nest egg upon retirement in 50 years, what should you deposit monthly at 9.4% interest
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