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You joined the work-force on Jan 01, 1991. The American economy was booming and you saved $50,000 at the end of each year, for 10
You joined the work-force on Jan 01, 1991. The American economy was booming and you saved $50,000 at the end of each year, for 10 years. Then, the tech crash happened and you saved only$5,000 at the end of each year for 5 years. Then, the financial crisis happened and you savednothing for the next ten years. On December 31, 2015, what does your bank account state if the interest rates have been a steady 1% for all these years?
A) $500,489.31 B) $641,843.50
C) $635,488.61
D) $495,533.97
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