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At the end of each year, you plan to deposit $2,700 in a savings account. The account will earn 7% annual interest, which will be

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At the end of each year, you plan to deposit $2,700 in a savings account. The account will earn 7% annual interest, which will be added to the fund balance at year-end. The first deposit will be made at the end of Year 1. (FV of $1. PV of $1. EVA of $1, and PVA of $1 (Use the appropriate factor(s) from the tables provided) Required: 1. Prepare the required journal entry at the end of Year 1. (If no entry is required for a transaction/event, select "No Journal entry required in the first account field.) View transaction list Journal entry worksheet

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