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Posted on Jul 31, 2024

You open a savings account and deposit $ 7 , 5 0 0 with an interest rate of 6 . 8 0 % , compounded

You open a savings account and deposit $

7, 500

with an interest rate of

6.80 %,

compounded daily. If you make another deposit of $

24, 500

into your account

8

years from now, what will be the balance in your account

22

years from today?

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