How much will you have in savings plan after 15 years

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Reference no: EM13206702

A credit card company wants your business, If you accept their offer and use their card, they will deposit 1% of your monetary transactions into a savings account that will earn a guaranteed 5% per year. If your annual transactions total an average of 1,000. How much will you have in this savings plan after 15 years?

Reference no: EM13206702

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