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A savings account holder currently has $ 5 , 0 0 0 in an account earning 4 % annually and plans to make $ 5

A savings account holder currently has $

5, 000

in an account earning

4 %

annually and plans to make $

500

deposits at the end of each of the next

5

years. What will be the value in the account at the end of the

5

year period?

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