If you deposit 719 euros at the beginning of each year, how much money do we have at 1.3% (compound) interest after 9 years?

Correct answer:

x =  6817.9 Eur

Step-by-step explanation:

n=9 a0=719 q=1+1001.3=1.013 x=a0q1qn1=7191.01311.01391=6817.9 Eur

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