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Suppose you make annual payments of $1000 into an account for 30 years. There is a steady return on 5% annual interest. How much money
Suppose you make annual payments of $1000 into an account for 30 years. There is a steady return on 5% annual interest. How much money will be in the account after 30 years?
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a) about $66,000
b) about $66,500
c) about $32,000
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