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What is the amount expected to be in the account

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Problem 1: Lina deposited an amount of 2,000 riyals on her twenty-first birthday and she will continue this plan by depositing an amount of 2,000 riyals each year until she reaches her 32nd birthday. If she knows that the interest rate is 7% annually, what is the amount expected to be in her account on her 32nd birthday?

Reference no: EM133009664

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