The money has not been touched since a first deposit was


Your department at work places $10,000 every year-end into an account earning 5%. The money is used when the corporate office fails to fully finance your profitable projects. The money has not been touched since a first deposit was made exactly six years ago. If the most recent deposit was made today, how much money is currently in the account?

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Finance Basics: The money has not been touched since a first deposit was
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