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A person saves $10000 to his/her money account today and will save $1000 each year for 4 more years. The account yields a 6% annual

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A person saves $10000 to his/her money account today and will save $1000 each year for 4 more years. The account yields a 6% annual interest. Calculate the year-end future values of the savings and year-end account balance at the end of the fourth year. Year 1 Year 2 Year 3 Year 4 1000 Year 0 Saving1 10000 Saving 2 Saving 3 Saving 4 - Saving 5 Total Balance 1000 - - 1000 1000 e

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