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    Calculating interest compounded annually

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    You deposit $1000 today in a savings account that pays 3.5% interest, compounded annually. How much will your account be worth at the end of 25 years?

    © BrainMass Inc. brainmass.com June 3, 2020, 10:49 pm ad1c9bdddf
    https://brainmass.com/business/interest-rates/calculating-interest-compounded-annually-251254

    Solution Summary

    The value of an account at the end of 25 years is determined.

    $2.19

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