Mathematics
Mathematics, 13.06.2020 23:57, bob4059

Barry and Iris Allen want to save money for their children. They deposit $2500 each year for 20 years in a savings account paying 5% compounded annually.

a. How much would be in the account after 20 years?

b. How much of the final balance did they actually contribute?

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Answers: 3

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Barry and Iris Allen want to save money for their children. They deposit $2500 each year for 20 yea...

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