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22 December, 00:29

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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  1. 22 December, 00:58
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    End Interest = 50x1.1x1.1x1.1 ...

    End Interest = 50 x 1.1^20

    End Interest = 336.37
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