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QUESTION
How much would be in your savings account in 11 years after depositing $150 today, if the bank pays 5 percent per year?
How much would be in your savings account in 11 years after depositing $150 today, if the bank pays 5 percent per year? Recalculate the savings account balance, using a 4 percent interest rate, and again, using a 6 percent interest rate.
