2Dec/092
My Bank Balance
My back pays me 4% simple interest compounded annually. If I deposit one hundred dollars at the beginning of each year for five years, what would be my balance at the end of five years?
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My back pays me 4% simple interest compounded annually. If I deposit one hundred dollars at the beginning of each year for five years, what would be my balance at the end of five years?
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December 4th, 2009 - 23:31
$560
December 3rd, 2009 - 16:43
ans ) $ 563.28