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If you put $500 in a savings account at the end of each year at 12% interest, what will it be worth in 5 years?

If you put $500 in a savings account at the end of each year at 12% interest, what will it be worth in 5 years?

Hint: This is a future value of an annuity problem.

Calculator keystrokes: 500 press PMT

12 press i

5 press n

to solve ___ press FV

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