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Suppose instead that you are a new investor, with $5,000 in hand. You find an investment account paying the 6% rate. If you plan to

  1. Suppose instead that you are a new investor, with $5,000 in hand. You find an investment account paying the 6% rate. If you plan to put away $5,000 each year, starting today, for 30 years. How much will you have in the account by the start of Year 30?

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