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You have deposited $10,000 in the bank which will pay 4% interest compounded annually. You plan to leave the money in the bank for 5

You have deposited $10,000 in the bank which will pay 4% interest compounded annually. You plan to leave the money in the bank for 5 years and use as a down payment on a new house. How much money will you have in 5 years.

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