How much money will you have in your account, Financial Management

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How much money will you have in your account

Problem

You plan to invest $600 in your savings account this year and then you intend to increase the amount that you invest by 3% each year. If you invest in a savings account each that earns an effective annual interest rate of 7% how much money will you have in your account in 14 years?

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Financial Management: How much money will you have in your account

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