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In: Finance

Your father gets a good job and wants to deposit in his account $1200 at the...

Your father gets a good job and wants to deposit in his account $1200 at the end of each year for 3 years. He earns 2% interest paid annually. How much will be in his account after 3 years? *

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Expert Solution

Answer After 3 years he will have $3672.48 in his account.

FV = Amount Invested X

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jeff jeffy answered 1 year ago
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