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Math problem (trick question)

Name: Anonymous 2009-09-23 20:37

MILKRIBS4k opened a savings account with a 2% APR interest rate, paid and compounded monthly. He deposits $1 there and does nothing for 1 full year. What will be his account balance after 1 year if the interest they pay stays the same?

Name: Anonymous 2009-09-23 20:48

He gets fined money by the bank for "insufficient funds." Somewhere in the negatives.

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Math problem (trick question)

1 Name: Anonymous 2009-09-23 20:37

3 Name: Anonymous 2009-09-23 20:48

Name: Anonymous 2009-09-23 20:37

Name: Anonymous 2009-09-23 20:48