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Assume you plan to buy a condo 10 years from now, and you estimate that you can save $1,500 per year. You plan to deposit



Assume you plan to buy a condo 10 years from now, and you estimate that you can save $1,500 per year. You plan to deposit the money in a bank account that pays 6% interest. How much will you have after 8 years if you begin making payments immediately?

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