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The total value of the deposit will be $1248.929 at the end of 5 years. The year wise ending balance would be:

  1. 918
  2. 991.44
  3. 1070.755
  4. 1156.416
  5. 1248.929

    This is under the assumption that the interest of 8% is compounded annually.

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13y ago
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8y ago

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Q: A principal of 850 is invested in an account at 8 percent per year simple interest What is the amount of the principal after 5 years?
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