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22 December, 03:03

If $85 is put in an account that gets 8.5% and I add $15 per year, how much will I have at the end of 8 years?

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  1. 22 December, 06:02
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    FV=PV (1+i) ^n

    FV = $ [85 (1+0.85) ^8]

    FV=$ [85 (1.85) ^8]

    FV = $ 222.21
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