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2. You would like to save money for the down payment on your first house, so you begin to make annual deposits of $3,150 into

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2. You would like to save money for the down payment on your first house, so you begin to make annual deposits of $3,150 into your savings account with the first payment being deposited today. Your bank pays you 3.5% interest on your savings account balance. How much will you have in your account at the end of 8 years

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