More taxes withheld from his paycheck

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Reference no: EM131448781

Don may not be the brightest candle on the cake. He has more taxes withheld from his paycheck so he will get a large check come April from the Federal government. Well, this check came in the mail yesterday. $1,200.00 and he deposited it into a savings account paying 4% interest. Assuming he leaves it there for four years, how much money will he eventually have?

Reference no: EM131448781

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