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8) You depost $500 in a bank account at the end of each year for 5 years. The bank account pays 5% interest, compounded annually.

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8) You depost $500 in a bank account at the end of each year for 5 years. The bank account pays 5% interest, compounded annually. Immediately after the fifth deposit, how much can you withdraw from your account? a. $2,520 b. $2,615 c. $2,710 d. $2,765

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