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How much will you have in a savings account in ten years, if you deposit $1000 in the account at the end of each year and the account earns 6% interest, compounded annually? how…

How much will you have in a savings account in ten years, if you deposit $1000 in the account at the end of each year and the account earns 6% interest, compounded annually? how…
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How much will you have in a savings account in ten years, if you deposit $1000 in the account at the end of each year and the account earns 6% interest, compounded annually? how would i work this out.

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User Pani
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7.4k points

1 Answer

5 votes

Answer:

10 times 1,000 equals 10,000 times 6% equals 600 so that will be 10,600

answered
User Yusril Maulidan Raji
by
8.2k points
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