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1. You have a sub-contracting job with a local manufacturing firm. You receive end-of-year payments of $30,000/year for next 15 years. You deposit all that

1. You have a sub-contracting job with a local manufacturing firm. You receive end-of-year payments of $30,000/year for next 15 years. You deposit all that money in a bank that pays interest at 9.5%.

(a) What will be your balance at the end of 15 years?

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