Geometric Sequenceshard
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A person deposits \200$ at the beginning of each year for 4 years into an account earning 5% annual interest. What is the total value at the end of year 4 (just after the 4th deposit)?
A person deposits \200$ at the beginning of each year for 4 years into an account earning 5% annual interest. What is the total value at the end of year 4 (just after the 4th deposit)?