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11 May, 05:44

If $95 is put in an account that gets 6% and I add $18 at the end of each year, how much will I have at the end of 11 years?

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  1. 11 May, 09:30
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    6% of $95 = $5.70

    multiply $5.70 by 11 years = $62.70 < - interest gained over 11 years

    multiply $18 by 11 years = $198 < - total added over 11 years

    add $95 + $62.70 + $198 = $355.70

    there will be a total of $355.70 in your account after 11 years
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