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You deposit $2,000 at the end of each year into an account paying 11.1 percent interest....

You deposit $2,000 at the end of each year into an account paying 11.1 percent interest. a. How much money will you have in the account in 18 years?

B. in 36 years?

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Answer #1

Please refer to below spreadsheet for calculation and answer. Cell reference also provided.

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