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What will be the value of your money in ten years

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Q1. You deposit $100 into an account at the end of each month. This money earns 3% interest annually. What will be the value of your money in 10 years if you want to use it to supplement your income?

Q2. You deposit $100 into an account at the beginning of each month. This money earns 3% interest annually. What will be the value of your money in 10 years if you want to use it to supplement your income?

Reference no: EM133134611

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