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Lifetime savings accounts, known as LSAS, allow people to invest after-tax money without being taxed on any of the gains. If an engineer invests
Lifetime savings accounts, known as LSAS, allow people to invest after-tax money without being taxed on any of the gains. If an engineer invests $15,000 now and $15,000 each year for the next 11 years, how much will be in the account immediately after the last deposit, provided the account grows by 11% per year? After the last deposit, the balance in the account will be $[
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