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Ceasar opens a bank account with an initial deposit of $1800.00 with an annual interest rate of 3.2%. What is the balance on the account after one year?
Ceasar's initial deposit will earn $57.60 in interest after one year (annual interest rate of 3.2%). When that is added to his deposit of $1800, Ceasar will have $1857.60 in the bank at the end of one year.
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