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4. You will make a total of twelve annual deposits into an account that pays 12% compounded annually. The first of these will be $100,000.

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4. You will make a total of twelve annual deposits into an account that pays 12% compounded annually. The first of these will be $100,000. The deposits will be increased by 6% over the amount of the immediately previous year. a) What will your balance be right after making the last deposit? (Show your work)

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