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You placed $8,818 in a savings account today that earns an annual interest rate of 11 percent compounded annually. How much will you have at

You placed $8,818 in a savings account today that earns an annual interest rate of 11 percent compounded annually. How much will you have at this account at the end of 11 years ? Assume that all interest received at the end of the year is reinvested the next year

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