You deposit today 1500 in an account that pays 17 per year


You deposit today $1500 in an account that pays 1.7% per year. For the next few years you will keep making deposits 8.4% larger than the previous one. What will be the balance on the account after 6 deposits?

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Econometrics: You deposit today 1500 in an account that pays 17 per year
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