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Part a and b please Suppose that you earned a bachelor's degree and now you're teaching high school. The school district offers teachers the opportunity
Part a and b please
Suppose that you earned a bachelor's degree and now you're teaching high school. The school district offers teachers the opportunity to take a year off to earn a master's degree. To achieve this goal, you deposit $2000 at the end of each year in an annuity that pays 6.5% compounded annually. a. After 5 years, you will have approximately $ (Do not round until the final answer. Then round to the nearest dollar as needed.) b. The interest is approximately $. (Use the answer from part a to find this answer.) a. How much will you have saved at the end of five years? b. Find the interestStep by Step Solution
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