SOLUTION: a person deposits 500 dollars in savings account with 5% interest annually compounded yearly after 10 years how much would be saved?

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Question 596917: a person deposits 500 dollars in savings account with 5% interest annually compounded yearly after 10 years how much would be saved?

Answer by jim_thompson5910(35256)   (Show Source): You can put this solution on YOUR website!














So he would have saved $16,288.95

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