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You invest $10,000 today in a retirement account that pays 6 percent interest compounded annually. What is the total balance in the account 20 years
You invest $10,000 today in a retirement account that pays 6 percent interest compounded annually. What is the total balance in the account 20 years from today?
Please show your work.
a. $32,071
b. $26,533
d. $35,236
c. $38,697
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