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Assume you deposit $5,300 at the end of each year into an account paying 10.25 percent interest. Requirement 1: How much money will you have

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Assume you deposit $5,300 at the end of each year into an account paying 10.25 percent interest. Requirement 1: How much money will you have in the account in 16 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Annuity future value Requirement 2: How much will you have if you make deposits for 32 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Annuity future value

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