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One year ago, you deposited $3,600 in an investment account for the purpose of buying new equipment four years from today. Today, you are adding

One year ago, you deposited $3,600 in an investment account for the purpose of buying new equipment four years from today. Today, you are adding another $5,000 to this account. You plan on making a final deposit of $7,500 to the account next year. How much will be available when you are ready to buy the equipment, assuming the account earns a 7% rate of return?

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