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At the end of each of the next 5 years, you will deposit the following amount into your savings account Year Cash Flow 1 $200

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At the end of each of the next 5 years, you will deposit the following amount into your savings account Year Cash Flow 1 $200 2 $300 3 4 $400 $200 5 $600 You expect interest rates to be higher in the future. Your best guess of what rates will be in the future is 10% 11% Rate 1 year from now Rate 2 years from now Rate 3 years from now Rate 4 years from now 12% 13% If you forecast of interest rates is correct, how much money will you have 5 years from now? Hint: Find your balance at the end of each year. Round your answer to 2 decimal places, for example 100.12

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