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Savings account-how much money would be in your account

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Savings Account You start a saving account with $2,000 at age 26 on your birthday of January 08. The account you found limits you to depositing $2,000 a year (which you do on your birthday), but pays 10% compounded annually. How much money would be in your account at you birthday at age 63 when you finally cash out? How much of that final amount would be your own money, and how much would the bank have paid you?

Reference no: EM131889872

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