Carl wants to invest in an account that earns 8% interest, compounded annually. He opens the account with an initial deposit of $100, and deposits an additional $100 into the account each year thereafter. Assuming no withdrawals or other deposits are made and that the interest rate is fixed, the balance of the account (rounded to the nearest dollar) after the fifth deposit is .
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Carl wants to invest in an account that earns 8% interest, compounded annually. He opens the account...
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