Deposit

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

Correct result:

x =  6817.9 Eur

Solution:

n=9 a0=719 q=1+1.3100=1.013 x=a0qn1q1=7191.013911.0131=6817.9 Eur



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