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4. points) Assume you deposit $200 per year into an account earning 11% p.a. If the first deposit is made exactly one year from today

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4. points) Assume you deposit $200 per year into an account earning 11% p.a. If the first deposit is made exactly one year from today (t=1) and the last deposit is made exactly 7 years from today (t=7), then the account would be worth $___ exactly 10 years from today (t=10). ( 1) $1,956.65 ( 2) $1,400.00 3) $2,675.98 ( 4) $2,525.48

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