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Determine how much money will you have saved

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Question - Determine how much money will you have saved if you were to deposit $1,000 in a savings account at the end of each year for 2 years, assuming the savings account paid 6 percent interest using the formula method.

a. $1,200.00

b. $1,600.00

c. $2,060.00

d. $2,000.00

Reference no: EM132562765

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