Asked by manny

Ben deposits $5000 now into an account that earns 7.5 percent interest compounded annually. He then deposits $1000 per year at the end of the first and second years.

How much will the account contain 10 years after the initial deposit?

12 years ago

Answered by T-perry

Multiply $5000 by 10 years

12 years ago

Answered by bob

10,000

10 years ago

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