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5. You have a bank account that pays 4% interest per year. You planned to make the following deposits: o) $1,000 right now. b$1,500 at
5. You have a bank account that pays 4% interest per year. You planned to make the following deposits: o) $1,000 right now. b$1,500 at the end of year 1. c)$1,200 at the end of year 2. ) s,2000 at the end of year 3. How much money will you have in your account at the end of year 4? (Draw the cash flow time line) How much money will you have in your account at the end of year 8? (Draw the cash flow time line)
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