Schofield Stanley
10/27/2023 · Junior High School
A deposit of \( \$ 1200 \) is added to an account that earns \( 5 \% \) interest, compounded annually. Each year, an additional deposit of \( \$ 1200 \) is added to the account. What is the value of the account after the tenth total deposit if no withdrawals or addlitional deposits are medo? \( \$ 12,004.20 \) \( \$ 11,628.90 \) \( \$ 14,624.40 \) \( \$ 15,093.47 \)
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The value of the account after the tenth deposit is \( \$ 15,093.47 \).
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