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Given an 8 percent interest rate, compute the year 7 future value if deposits of $1,600 and $2,600 are made in years 1 and 3,
Given an 8 percent interest rate, compute the year 7 future value if deposits of $1,600 and $2,600 are made in years 1 and 3, respectively, and a withdrawal of $850 is made in year 4. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
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