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16. Assume that you have an account with a $30,000 current balance (i.e., at t = 0). Further assume that at the end of each

16. Assume that you have an account with a $30,000 current balance (i.e., at t = 0). Further assume that at the end of each year you plan to save and deposit into your account the following amounts: $15,000 a year for the next 5 years (i.e., at t = 1 through t = 5) and $20,000 annually for the following 5 years (i.e., at t = 6 through t = 10). If the account earns 6% compounded annually, how much will you have in your account 10 years from now?

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