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16 October, 17:45

Deja wants to put as much as she can into a retirement account as soon as she starts working. She deposits $10,000 at then end of each year for 5 years in an account paying 6% interest compounded annually. How much will she have in the account at the start of the 6th year?

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  1. 16 October, 18:00
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    The answer is $56,370.93.
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