You placed 1387 in a savings account today that earns an, Financial Management

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You placed 1387 in a savings account today that earns an

You placed $1,387 in a savings account today that earns an annual interest rate of 13 percent compounded annually. how much you will have in this account at the end of 8 years? assume that all interest received at the end of the year is reinvested the next year.

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