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Russell is currently 22 years old. He plans to save $5,000 at the end of every year until he turns 30 years old and plans

Russell is currently 22 years old. He plans to save $5,000 at the end of every year until he turns 30 years old and plans to use his savings to buy a house. If his deposit in this account earns him an annual interest of 12%, how much will he have saved when he becomes 30 years old to buy the house?

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