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7 April, 13:57

If $55 is put in an account that gets 6% and i add $20 at the end of each year, how much will i have at the end of 10 years?

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  1. 7 April, 14:13
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    I will not give you the answer but I will show you how to solve this.

    55*.6 = A

    65*.6=B

    75*.6=C

    85*.6 = D

    Do you see the trend? Continue until ten equations are formed and add all of the totals. A+B+D+C ... = Total
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