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You deposit 2,500 today in account earning 4.5% annual interest and keep it for 10 years, you add 15,000 to your account but the rate
You deposit 2,500 today in account earning 4.5% annual interest and keep it for 10 years, you add 15,000 to your account but the rate on your account changes to 7.5% annual interest ( for existing balance and new deposit).you leave the account untouched for an additional 25 years. How much do you accumulate in 35 years?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th International Edition
1259094901, 9781259094903
