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Assume you have $5,000 today in a bank savings account, you plan to add $2,000 one year from now and $3,000 two years from now.
Assume you have $5,000 today in a bank savings account, you plan to add $2,000 one year from now and $3,000 two years from now. How much will you have in the bank at the end of year 2 if you earn 4.5% annual interest?
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