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27-10-2022
Mathematics

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11. If a person spends $15 a week on coffee (assume $750 a year), what would be the future value of that amount over 10 years if the funds were deposited in an account earning 3 percent? Part 2 of the question assume the person deposits half the money at mid-year and the remaining half at year-end – the account still earns 3% per year – what would the amount be in 10 years?

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