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If a business manager deposits 30000 in a savings account

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If a business manager deposits $30,000 in a savings account at the end of each year for twenty years, what will be the value of her investment:

a. at a compounded rate of 13 percent?

b. at a compounded rate of 20 percent?

c. What would the outcome be in both cases if the deposits were made at the beginning of each year?

Reference no: EM13485436

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