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Interest received at the end of the year

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Reference no: EM133058242

Your client placed $9,506 in a savings account today that earns an annual interest rate of 5.44 percent compounded annually. How much you will have in this account at the end of 20 years? Assume that all interest received at the end of the year is reinvested the next year.

Reference no: EM133058242

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