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19 October, 23:25

You deposit $3,237.00 into an account each year. The account makes 6.1% interest compounded annually.

How much money will be in the account after 24 years?

and After 39 years?

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  1. 19 October, 23:44
    0
    24 years:

    3237*e^ (.061*24) = 13994

    39 years:

    3237*e^ (.061*39) = 34940
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