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6. Suppose you want to put away $1600 at the end of each year for 10 years. If interest is earned at a rate of

6. Suppose you want to put away $1600 at the end of each year for 10 years. If interest is earned at a rate of 5%, compounded quarterly, how much money will you have in 10 years? (Round your answer to the nearest cent.) (3pts.)

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