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Grant has $ 5 , 0 0 0 , 0 0 0 saved. He plans to spend $ 5 0 0 , 0 0 0

Grant has $5,000,000 saved. He plans to spend $500,000 today on a trip around the world, to invest $1,200,000 in a bookstore next year and to give $480,000 each year for 6 years to the Baseball of Fame. The interest rate is 5%. How much will he have left at the end of the 6 years?

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