What was the amount of the deposit at the end of year 3

Reference no: EM131111413

You put $10,000 in an account earning 5%. After 3 years, you make another deposit into the same account. Four years later (that is, 7 years after your original $10,000 deposit), the account balance is $20,000.

What was the amount of the deposit at the end of year 3?

Reference no: EM131111413

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