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How much money would have in years of consistently

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Problem 1: If you could only save $1 per day, and deposit the savings in the bank, which gives you 1% per year interest. Assume you invest on monthly basis, and average of 30 days per month (so you save each day, and deposit the savings at the end of the month). How much money you would have in 40 years of consistently doing this, and if all assumptions hold?

Reference no: EM132997892

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