If your savings have been earning an annual interest rate, Microeconomics

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If your savings have been earning an annual interest rate

Problem

Your savings account currently has a balance of $32,300. You opened the savings account two years ago and have not added to the initial amount you deposited. If your savings have been earning an annual interest rate of 2 percent, compounded annually, what was the amount of your original deposit?

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Microeconomics: If your savings have been earning an annual interest rate

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Microeconomics: If your savings have been earning an annual interest rate

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