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You start a savings account today by depositing $1,000 in an account. Each year you add 3% to the amount you deposited in the previous
- You start a savings account today by depositing $1,000 in an account. Each year you add 3% to the amount you deposited in the previous year. You do this for 20 years (21 total payments including the payment today.) The interest rate is 6%. How much will you have in the bank at the end of year 20.
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Essential Mathematics For Economic Analysis
Authors: Knut Sydsaeter, Peter Hammond, Arne Strom
4th Edition
0273760688, 9780273760689
