If each year you deposit 5000 dollars in an account that earns 8 percent each year compounded annually how much will you have after 18 years?

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Forum › Category: Accounting › If each year you deposit 5000 dollars in an account that earns 8 percent each year compounded annually how much will you have after 18 years?

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Garrett Blevins asked 3 months ago

You will have deposit 5000 dollars × (1 + 8/100)18 = 19,980 dollars.