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Cam saved $250 each month for the last five years while he was working. Since he has gone back to school, his income is lower
Cam saved $250 each month for the last five years while he was working. Since he has gone back to school, his income is lower and he cannot continue to save this amount during the time he is studying. He plans to continue with his studies for the next four years and not withdraw any money from his savings account. Money is worth 4.5% compounded monthly.
How much will Cam have in total savings when he finished his studies?
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