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What would be account balance at the end of the second year

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Future Value in Case of a Withdrawal

1) 4,400

2) 6,600

3) 6,400

4) 4,600

Problem 1: Rahul deposits 10,000 in a bank, which offers him an interest of 10% compounded annually. He decides to withdraw 5,000 after a year. What would be his account balance at the end of the second year?

Reference no: EM132809894

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