Problem 1.1 Assume that 1 year from now, you will deposit $1,000 into a savings account that pays 8%. If the bank compounds interest annually, how much will you have in your account 4 years from now?
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Problem 1.1 Assume that 1 year from now, you will deposit $1,000 into a savings account that pays 8%. If the bank compounds interest annually, how much will you have in your account 4 years from now?
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Answer:
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