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Math

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If business manager deposits $30,000 in a savings account at the end of each year for twenty years what will be the value of her investment at a compound rate of 12 percent? and at 18 percent?

  • Math -

    Future value at 12%
    =30000*1.12^20
    =$289388.79

    Similarly for 18%, but almost 3 times as much.

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