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Brian Matthews has decided to start saving for his Daughter's college education by depositing $5,600 at the end of every year for 12 years. A
Brian Matthews has decided to start saving for his Daughter's college education by depositing $5,600 at the end of every year for 12 years. A bank has agreed to pay interest at the rate of 5% compounded annually. Use the appropriate present or future value table: FV of $1, PV of $1, FV of Annuity of $1 and PV of Annuity of $1 Required: How much will Brian have in the bank immediately after his 12th deposit? Round your answer to the nearest dollar. Use the full factor when calculating your results. $fill in the blank 1
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