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7. You decided to save all of tax refunds next four years. Given your projection of your annual income and effective tax rate, you believe

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7. You decided to save all of tax refunds next four years. Given your projection of your annual income and effective tax rate, you believe that you will be able to invest $3,000, $3,300, $3,800, and $4,000 next four years, respectively, starting a year from today. Your estimated rate of return on this investment is 5%. How much can you withdraw in 4 years? Round to the nearest cent. Do not include any unit (If your answer is $111.11, then type 111.11 without $ sign.)

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