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If you deposit $ 4 0 0 each year for 8 years in an account that pays 7 % , How much will you have

If you deposit $

400

each year for

8

years in an account that pays

7 %,

How much will you have at the end of the

8

years?

Use the TVM keys on your calculator

. . .

NOT the tables in the book

Carry answer to

2

decimal places. Enter your answer in the form: $

n, n . .

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