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You deposit $204 today into a bank account that earns 1% annually. How much will be in your account after 10 years?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 25P

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You deposit $204 today into a bank account that earns 1% annually. How much will be in your account after 10 years?

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