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Assume you deposit $4,000 at the end of each year into an account paying 9.5 percent interest. Requirement 1: How much money will you have
Assume you deposit $4,000 at the end of each year into an account paying 9.5 percent interest. Requirement 1: How much money will you have in the account in 20 years? (Do not include the dollar sign (\$). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Requirement 2: How much will you have if you make deposits for 40 years? (Do not include the dollar sign (\$). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
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