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John Healy wants to buy a used PT Cruiser on his 29th birthday. If John starts saving $1200 annually beginning on his 25th birthday and
John Healy wants to buy a used PT Cruiser on his 29th birthday. If John starts saving $1200 annually beginning on his 25th birthday and makes the last payment on his 29th birthday. How much money will he have in his account to make a down payment on his car the day after his 29th birthday if he earns an annual interest rate of 5%?
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