SOLUTION: You deposit $1000 each year into an account earning 2% interest compounded annually. How much will you have in the account in 25 years?

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Question 1195617: You deposit $1000 each year into an account earning 2% interest compounded annually. How much will you have in the account in 25 years?
Answer by ikleyn(52776) About Me  (Show Source):
You can put this solution on YOUR website!
.

You did it very well by coming with your question to this forum.

I will not solve the problem for you - - - I will do better:  I will teach you on how you can solve it
on your own,  by showing you a  TEMPLATE  of just solved similar problem.


See the lesson
    - Solved problems on Ordinary Annuity saving plans
in this site,  Problem  1.

Use this template to solve the given problem in the same way.