SOLUTION: If I were to deposit $4500 a year (for 49 years) into a savings account with an interest rate of 5%. How much would I have saved after 49 years?

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Question 937213: If I were to deposit $4500 a year (for 49 years) into a savings account with an interest rate of 5%. How much would I have saved after 49 years?
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
Depends on the compounding period.