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Compute how much will be in account three years from now

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Reference no: EM132954325

Problem 1: Steven just deposited 10000 in a bank account that has a 12 percent nominal interest rate, and the interest is compounded monthly. Steven also plans to contribute another 10000 to the account one year( 12 months) from now and another $20,000 to the account two years from now. How much will be in the account three years( 36month) from now)? Show details of solution

Reference no: EM132954325

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