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Your department at work places $10,000 every year-end into an account earning 5%. The money is used when the corporate office fails to fully finance
Your department at work places $10,000 every year-end into an account earning 5%. The money is used when the corporate office fails to fully finance your profitable projects. The money has not been touched since a first deposit was made exactly six years ago. If the most recent deposit was made today, how much money is currently in the account?
Please show me how you come up with the answer. Thanks
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