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Mr. Ray deposited $200,000 in the Old and Third National Bank. If the bank pays 8%...

Mr. Ray deposited $200,000 in the Old and Third National Bank. If the bank pays 8% interest, how much will he have in the account at the end of 10 years?

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Answer #1

The amount Mr. Ray will have in the account at the end of 10 years will be $431,785

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