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Please I need help! how do I solve this with a Finance caluclator. You are planning to save money for your first house. Your plan
Please I need help! how do I solve this with a Finance caluclator.
You are planning to save money for your first house. Your plan is to make regular deposits into an account that will earn 10.40% per year. Your first deposit of $1,000 will be made today. You will also make additional $1,000 deposits at the end each of the next 6 years. How much money will be in your account at the end of the 6th year? 0 $10,112 $9,827 0 $8,654 0 $9,604 0 $10,513 You currently have $3,000 in an account, and you plan to deposit $2,000 into the account at the end of each year. If the account earns an annual interest rate of 5.60%, how much will be in the account at the end of 7 years? o $20,977 O $22,455 0 $22,884 0 $18,886 $22,152Step by Step Solution
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