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You have $1000 in your savings account today (t=0). From next year (=1), you will further deposit $100 in your savings account every year for
You have $1000 in your savings account today (t=0). From next year (=1), you will further deposit $100 in your savings account every year for ten years. You will have no further deposits or withdrawals after that. What is the value of your saving account at t=15? Assume a 12% interest rate.
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