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Assuming the interest is compounded annually, $166314.25

Year 1: 1.05 * 80000 = 84000

Year 2: 1.05 * 84000 = 88200

Year 3: 1.05 * 88200 = 92610

Year 4: 1.05 * 92610 = 97240.5

Year 5: 1.05 * 97240.5 = 102102.525

etc.

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14y ago

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