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Assume that the time period is 5 years and the interest rate is 2 % . Jamie Lee needs to save a total of $

Assume that the time period is 5 years and the interest rate is 2%. Jamie Lee needs to save a total of $5000 in order to get started on her cupcake cafe venture. She is presently depositing $1250 a year in a regular savings account. Calculate the future value of these deposits using table Exhibit 1-A
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