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Greg deposits $10,000 in a bank account that pays 3% interest annually. How much will Greg have at the end of the four years?

Greg deposits $10,000 in a bank account that pays 3% interest annually. How much will Greg have at the end of the four years?


Greg also deposits $ 10,000 in his other savings account each year for ten years, earning the same 3% interest annually. How much will Greg have accumulated in this account in ten years?

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I. Use the future value of a single sum formula Future value... View the full answer

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