Saving account earning


Problem 1. How much will you have at the end of 22 years if put $8680 per year at the end of each year into a saving account earning 1.6% annually?

Problem 2. How much do you need to invest today to have $89,000 at the end of 19 years if you can earn 6.5% annually?

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Finance Basics: Saving account earning
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