It's the first day of the year and you currently have $3,000 in the bank. You plan to deposit $200 at the end of every year for the next 58 years, with the first payment made 1 year from now (from t=1 to t=58 inclusive). If bank interest rates are 20% pa, how much money will be in your bank account a moment after making your last deposit in 58 years?

Answer rating: 100% (QA)

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