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bob receives 2 annuities, Y and Z. He deposits the monru he receives from each aunnuity in a separate bank account, Bank Y and Bank
bob receives 2 annuities, Y and Z. He deposits the monru he receives from each aunnuity in a separate bank account, Bank Y and Bank Z, respectively. Annuity Y begins in 2 years and pays $500 for each year for 7 years. Annuity Z begins in 8 years and pays $500 esch year for 7 years. Assuming a positive interest rate that is the same on each account, which account will have more money in 16 years?
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