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A man invested 8,000 dollars in 9% account for his sons education when he was born. He will be needing 5,000 dollars at the end
A man invested 8,000 dollars in 9% account for his sons education when he was born. He will be needing 5,000 dollars at the end of his son's 17th, 18th, 19th, and 20th birthday. How much money will be left in the account at the end of the 21st year. Note: negative (-) cash that resulted in the computation indicates money left in the account.
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