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Assume you deposit $8,000 at the end of each year into an account paying 12.7 percent interest. a. How much money will you have in

Assume you deposit $8,000 at the end of each year into an account paying 12.7 percent interest. a. How much money will you have in the account in 20 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much will you have if you make deposits for 40 years?

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