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It is now the beginning of the year. Assume that, starting at the end of the year, you will make deposits of $ 5 9
It is now the beginning of the year. Assume that, starting at the end of the year, you will make deposits of $ each year into a savings account. You will make a total of yearly deposits. Additionally, in years your parents will give you a onetime gift worth $ which you will immediately deposit in your account.
If the savings account interest rate is what is the PRESENT value of this savings plan?
Enter your answer in dollars, rounded to the nearest cent.
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