Waldiv0elyjazzy Waldiv0elyjazzy

21-12-2016
Mathematics

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How much will a $50 deposit made today be worth in 20 years if interest is compounded annually at a rate of 10 percent?

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alex3245 alex3245

21-12-2016

End Interest = 50x1.1x1.1x1.1....
End Interest = 50 x 1.1^20

End Interest = 336.37

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