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How much would you have after five years

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Problem - Calculating interest earned and future value of savings account. If you put $6,000 in a savings account that pays interest at the rate of 3 percent, compounded annually, how much will you have in five years? How much interest will you earn during the five years? If you put $6,000 each year into a savings account that pays interest at the rate of 4 percent a year, how much would you have after five years?

Reference no: EM132695826

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