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A community is planning on replacing its land fill in 20 years. It has $200,000 in an account today to finance this. It expects to
A community is planning on replacing its land fill in 20 years. It has $200,000 in an account today to finance this. It expects to deposit $100,000 at the end of year1, $200,000 at the end of year 2 and increase the deposit each year by $100,000 from the previous year. If the interest rate is 6% per year compounded annually, how much is in the account at the end of year 20.
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