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Sharon has $8260 in a savings account earning 4.0% annually. She plans to use the money in the account to purchase a new car. If

Sharon has $8260 in a savings account earning 4.0% annually. She plans to use the money in the account to purchase a new car. If Sharon saves $4720 a year at the end of the next three years.

How much will she have in savings in three years to purchase a new car?

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