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Nichola gets paid monthly and learnt in her Financial Literacy course that she should save at least 20% of her disposable income each pay day.

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Nichola gets paid monthly and learnt in her Financial Literacy course that she should save at least 20% of her disposable income each pay day. How much money will she accumulate by the end of year 15 if she deposits $600 into Holy Redeemer Credit Union, who pays 4% interest. Assume this is an ordinary annuity. Show all working and answer in a complete sentence

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