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DO NOT USE CHATGPT !! DO IT YOURSELF Sam made annual deposits of $10,000...

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Finance

DO NOT USE CHATGPT !! DO IT YOURSELF

Sam made annual deposits of $10,000 at the beginning of each year to Yes Bank, which pays 3.65% interest compounded annually. After 10 years, Sam makes no more deposits. What will be the balance in the account 15 years after the last deposit?

Correct answer : 209638.33

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