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Mr James plans to make a series of deposits in an interest bearing account. The interest rate is 9% per annum. He plans to deposit
Mr James plans to make a series of deposits in an interest bearing account. The interest rate is 9% per annum. He plans to deposit $1,000 at end of Yr 1 , $2,000 end of year two , and $8,000 at end of five years and also intends towithdraw $2 ,000 at end of year three . Required : Calculate how much Mr James will have after nine years.
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