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Mathematics, 03.12.2020 01:00 alaf05160

You are starting a savings account for college. You put $1,000 in as your starting balance. You earn simple interest at 10% every year. You also must pay 10.70% income tax on the interest earned annually. Calculate the interest, balance, tax paid, and the overall balance of the account after taxes. To break the code determine the accounts overall balance for year 5 after taxes after been paid

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