Assume you have deposited $100 each year for ten years in a savings account paying...
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Finance
Assume you have deposited $100 each year for ten years in a savings account paying 12% per year. Starting in year 11, you increased the deposit to $200 each year; and the interest rate rises to 15% per year. Assuming deposits and interest payments are made on the last day of the year, what is the balance in the account at the end of 20 years?
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