Solution-How much will he have collected at the end

How much will he have collected at the end

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Question - Alvin opens an account with a bank paying 3% interest per year to buy a house at the end of 10 years with $7,000. He then deposits $850 per year at the end of each year from Year 1 to 5, and $1,050 per year at the end of each year from Year 6 to 10. How much will he have collected at the end of Year 10?

Reference no: EM133103906

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How much will he have collected at the end

Reference no: EM133103906

Reference no: EM133103906

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