If You Deposit $1,000 Each Year in a Savings Account

question 84

Short Answer

If you deposit $1,000 each year in a savings account earning 4%, compounded annually, how much will you have in 10 years?

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Definitions:

Thalamus

A midline symmetrical structure within the brain that relays sensory and motor signals to the cerebral cortex.

Chronic Pain

Persistent or recurrent pain that lasts beyond the usual course of acute illness or injury, often lacking a clear cause.

Spinal Cord

The cylindrical bundle of nerve fibers and tissue that is connected to the brain and runs down the vertebral column, transmitting signals to and from the brain.