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Question 7 Homework Unanswered Starting at the end of this year, you plan to make annual deposits of $7,000 for the next 10 years (years
Question 7 Homework Unanswered Starting at the end of this year, you plan to make annual deposits of $7,000 for the next 10 years (years 1 through 10) followed by deposits of $10,000 for the following 10 years (years 11 through 20). The deposits earn interest of 6.6%. What will the account balance be by the end of 26 years? Round to the nearest cent. [Hint: There are two annuities. Convert them to single cash flows using the FV annuity formula, then move the values to the end of year 26.) Type your numeric answer and submit
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