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You plan to invest $600 in your savings account this year and then you intend to increase the amount that you invest by 3% each
You plan to invest $600 in your savings account this year and then you intend to increase the amount that you invest by 3% each year. If you invest in a savings account each that earns an effective annual interest rate of 7% how much money will you have in your account in 15 years?
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