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Quantitative Problem 1: You plan to deposit $1,800 per year for 5 years into a money market account with an annual return of 2%. You
Quantitative Problem 1: You plan to deposit $1,800 per year for 5 years into a money market account with an annual return of 2%. You plan to make your first deposit one year from today.
What amount will be in your account at the end of 5 years? Do not round intermediate calculations. Round your answer to the nearest cent. $ Assume that your deposits will begin today.
What amount will be in your account after 5 years? Do not round intermediate calculations. Round your answer to the nearest cent. $
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