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Today, April 1st 2020, I put $1000 into the bank. Every month thereafter I added the...

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Economics

Today, April 1st 2020, I put $1000 into the bank.Every month thereafter I added the same amount, plus $20 more thanthe month before (i.e. $1020, $1040, $1060, etc.) If the sign onthe door of my bank says they pay 6% nominal yearly interest, howmuch will I be able to take out of the bank on January1st, 2023. Draw a cash-flow diagram.

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