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What will be the balance of the account at the end of year

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Question - If $41500 is deposited in a savings account at the end of each year and the account pays interest of 5% compounded annually, what will be the balance of the account at the end of 10 years?

a. $521983

b. $570750

c. $67599

d. $435750

Reference no: EM132903389

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