A company deposits $6,000 in a bank at the end of every year for 10 years. The company makes no deposits during the subsequent 7 years. If the bank pays 6\% interest, how much would be in the account at the end of 17 years?
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The company deposits $6,000 at the end of every year for 10 years, so the total amount deposited is $6,000 x 10 = $<<6000*10=60000>>60,000. Show more…
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