Justify analyze the following situation and answer

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Justify analyze the following situation and answer questions. After choosing a savings account with 3% interest rate you decide to invest $5000 into the savings account- using the future value calculations,determine at an interest rate of 3% what would be your total balance available end of 5 years untouched? show your calculations, as well as,your answer in your portfolio. How will this interest be reported on your tax refund?

Reference no: EM13396879

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