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Captmac
Captmac Asked:

How much would it be if i saved 100 bucks a week for ten years

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Anonymous
Anonymous Answer:

$52,000 plus any interest.

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OronD
OronD Answered:

Assuming an annual interest of 4.5% it will be: 
5200*(1+4.5/100)^9 + 5,200*1.045^8 + 5,200*1.045^7 + 5200*(1+4.5/100)^6 + 5,200*1.045^5 + 5,200*1.045^4 + 5200*(1+4.5/100)^3 + 5,200*1.045^2 + 5,200*1.045^1 + 5,200 =
5,200*(1.486 + 1.422 + 1.361 + 1.302 + 1.246 + 1.193 + 1.141 + 1.092 + 1.045 + 1) = 5,200*12.288 = $ 63.899 

               
Love is the battery of life....
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Anonymous
Anonymous Answer:

Damn, where can I get some of that 4.5% interest rate? I'm getting barely over 1% for a CD.

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