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  • 07-06-2023
  • Business
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You put ​$7000.00 in an account earning 3​%. After ​4 years, you make another deposit into the same account. Four years later​ (that is, 8 years after your original ​$ ​7000 deposit), the account balance is ​$20000. What was the amount of the deposit at the end of year ​?

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