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Suppose that you earned a bachelor's degree and now you're teaching high school. The school district offers teachers the opportunity to take a year off
Suppose that you earned a bachelor's degree and now you're teaching high school. The school district offers teachers the opportunity to take a year off to earn a master's degree. To achieve this goal, you deposit $ at the end of each year in an annuity that pays compounded annually.
a
How much will you have saved at the end of five years?
b
Find the interest.
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Part
a After years you will have approximately $
enter your response here.
Do not round until the final answer. Then round to the nearest dollar as needed.
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