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If a person is given $1 and invests that $1 for 100 years at 5%, what amount would they be able to withdraw from this account after the 100-year period?

If a person is given $1 and invests that $1 for 100 years at 5%, what amount would they be able to withdraw from this account after the 100-year period?
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If a person is given $1 and invests that $1 for 100 years at 5%, what amount would they be able to withdraw from this account after the 100-year period?

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User Alessandro Solbiati
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8.1k points

1 Answer

4 votes

in 100 years they will be able to withdraw $131.50

1(1.05)^100

answered
User Ofer Velich
by
8.1k points
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