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Question 3 (3 points) If you deposit $7,000 at the end of each year for the next 16 years into an account paying 11.2% interest,

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Question 3 (3 points) If you deposit $7,000 at the end of each year for the next 16 years into an account paying 11.2% interest, how much will you have in the account in 16 years? 1) $192,600 2) $153,522 3) $390,783 4) $279,130

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