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Compound Interest Sample Problem

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A man is putting 6% of his income ($65,000) into a savings account at 6.6% interest. If his income is rising at 2% per year and he stays healthy for the next 35 years, how much would his account amount to after 35 years?

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Solution Summary

Compound Interest Sample Problem are examined. The expert determines how much the account amount would be after 35 years.

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