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Erin decides to invest in an annuity for 3 years at 1 0 % interest compounded annually. She will deposit $ 7 , 0 0

Erin decides to invest in an annuity for

3

years at

10 %

interest compounded annually. She will deposit $

7, 000

at the end of each period. What will be the ending balance of this annuity after the end of

3

years? Calculate.

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