Assume that the bank pays me an interest rate

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Uncle Tim gave me $100 today for my birthday. He also promised to give me another $100 each for my next two birthdays. If I deposit all the money I receive from my uncle Tim on the day it is given to me at 5% how much will I have at the end of three years? Assume that the bank pays me an interest rate of 5%. a $315.25 b$300c $331.01 d$540.81

Reference no: EM13874991

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