a) Sixteen years ago your parents opened a saving account in your name and made a lump sum deposit, today the balance of

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a) Sixteen years ago your parents opened a saving account in your name and made a lump sum deposit, today the balance of

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A Sixteen Years Ago Your Parents Opened A Saving Account In Your Name And Made A Lump Sum Deposit Today The Balance Of 1
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a) Sixteen years ago your parents opened a saving account in your name and made a lump sum deposit, today the balance of this account is $260,000. If the account has been earning 6% compounded annually, what was the balance in your saving account three years ago?
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