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Business, 02.09.2020 05:01 SsjDavid

If you deposit an amount of $1000 today (January 1st) and continue depositing into the account an amount growing by 5% per annum at the end of each subsequent year for five years, what balance will you have in the account at the end of the 5th year? (r = 10% p. a.) $ 3,150
$4,150
$5,150
$6,150

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