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What will be the balance of account immediately

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Problem 1: Every year you deposit $1,400 into an account that earns 2% interest per year. What will be the balance of your account immediately after the 40th deposit?

A. $86,254

B. $71,851

C. $40,759

D. $56,000

E. $84,563

Reference no: EM132768880

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