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One year ago, the jenkins family fun center deposited 4600 into an investment account for the purpose of buying new equipment four years from today.
One year ago, the jenkins family fun center deposited 4600 into an investment account for the purpose of buying new equipment four years from today. Today they are adding another 6400 to this account. They plan on making a final deposit of 8600 to the account next year. How much will be available when they are ready to buy the equipment, assuming they earn a rate of 7 percent
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