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Determine the amount of money in account b

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Question - For 10 years, $200 is invested into account A at the end of each year which has 8% effective interest rate per year. At the end of each year the interest earned is placed into account B which earns 10% effective interest per year. Determine the amount of money in account B at the start of the 11th year.

Reference no: EM132526213

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