What will be the balance in the account

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Reference no: EM132197925

You are investing AU10771 today in bank account which offers a fixed interest rate of 1.06%/quarter. You plan to withdraw AU10,000 from the bank account exactly at the end of five (5) years from today and keep the remaining amount in the same bank account for another five (5) years.

What will be the balance in the account after ten (10) years from today?

Reference no: EM132197925

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