If I saved $5000 for 10 years at a 2% rate. And add $2500 per year...

If I saved $5000 for 10 years at a 2% rate. And add $2500 per year to the original savings over the same 10 years. How much would I have in 10 years.

Expert Solution

Additional points;-

1) It is assumed that the interest is compounded annually.

2) It is assumed that amount is invested in the beginning of the year.

jeff jeffy answered 8 months ago

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