In Problems 20-52: a. State the type; and (mathbf{b}). Answer the question. Rita wants to save for
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In Problems 20-52:
a. State the type; and \(\mathbf{b}\). Answer the question.
Rita wants to save for a trip to Tahiti, so she puts \(\$ 200\) per day into a jar. After 1 year, she has saved \(\$ 730\) and puts the money into a bank account paying \(1.9 \%\) compounded annually. She continues to save in this manner and makes her annual \(\$ 730\) deposit for 15 years. How much does she have at the end of that time period?
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