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You plan to open a savings account by depositing $1,000 in the bank today. You also plan to deposit $1,000 in the bank in 1

You plan to open a savings account by depositing $1,000 in the bank today. You also plan to deposit $1,000 in the bank in 1 year, 2 years, , 9 years. If the bank pays interest of 3% per year, how much will you have in the bank 10 years from now?

Please use Excel formulas

image text in transcribed

D 1 Interest rate 2 B 3.00% N Year 3 Deposit Future value in year 10 1,343.92

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