Annual compound interest, Suppose when you are 21 years

Annual compound interest

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Suppose when you are 21 years old, you deposited $1000 into a bank account that pays annual compound interest, and you do not withdraw from the account until your retirement at the age 65, 44 years later. How much more will be in your account if the rate is 6 percent rather 5 percent

Reference no: EM13840235

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