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4 February, 15:38

How much money will $9800 be worth in two years if the money is deposited at 5 percent interest compounded annually

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  1. 4 February, 17:52
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    Original amount = 9800

    after one year = 9800 (1.05) = 10290

    after 2nd year = 10290 (1.05) = 10804.5
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