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QUESTION
) Suppose that 2 years from now you will deposit $100 into an account paying 10% APR. In years 4, 6, . 50 (every even year) you will deposit 105, 110....
1.) Suppose that 2 years from now you will deposit $100 into an account paying 10% APR. In years 4, 6, … 50 (every even year) you will deposit 105, 110.25, … 322.51 respectively (5% growth in the deposit). In odd years (starting year 3) 3, 5, … 49 you will withdraw $100 (no growth). How much will be in your account at the end of year 50?
