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3. You would like to accumulate at least 20,000 in an account earning 5% annual effective interest. You will deposit 1,000 at the beginning

3. You would like to accumulate at least 20,000 in an account earning 5% annual effective interest. You will deposit 1,000 at the beginning of each year for n years. What is the value of n? What will the account balance be after n years?

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