At the end of each year for 20 years i deposit 1000 dollars


At the end of each year, for 20 years, I deposit $1000 dollars into an account. The effective annual interest rate for this account (called account 1) is 5%. At the end of each year, i take the interest I am paid from this account and invest it into another account (called account 2) with an annual interest rate of 3%. After 20 years, what is the combined value of accounts 1 and 2?

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Financial Management: At the end of each year for 20 years i deposit 1000 dollars
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