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2 . Ben Johnson receives a bonus of $ 5 , 0 0 0 each year on December 3 1 . Beginning on December 3

2 .

Ben Johnson receives a bonus of $

5, 000

each year on December

31 .

Beginning on December

31, 2019,

he deposits his bonus every year in a savings account that earns interest of

12 %

compounded annually. What will be the amount in the fund on December

31, 2023,

after he deposits his bonus received on that date? Round your answer to two decimal places. $

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