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OpenStudy (anonymous):
I have a bank account with 1000 $. At the end of every year, the bank pay me 3% of it for interest and I put out 5% of my savings for the following year. How much will be in my bank account after 10 years ?
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OpenStudy (anonymous):
1000 * ( (.98) ^ (10) ) = 817.072807 $
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