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How much will have in account on january

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Question 1: It is now January 1, 2019. Today you will deposit $1,000 into a savings account that pays 8%. Suppose you deposit $1,000 in three payments of $333.333 each on January 1 of 2020, 2021, and 2022. How much will you have in your account on January 1, 2022, based on 8% annual compounding?

Reference no: EM132462747

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