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15 October, 08:36

Margaret plans to deposit $500 on the first day of each of the next five years, beginning today. if she earns 4% compounded annually, how much will she have at the end of five years?

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  1. 15 October, 08:38
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    Future Value: Total = $3,424.81

    Deposits: = $ $3,424.81

    Interest Earned: $424.81

    The question is unclear, I calculated $500 yearly deposit with the compound.
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