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Suppose that you invest $1000 in a savings account today paying interest of 6% per year (0.5% per month). You expect to save $600 per
Suppose that you invest $1000 in a savings account today paying interest of 6% per year (0.5% per month). You expect to save $600 per year, which will be invested at a rate of $50 at the end of each month for 72 months (the first $50 investment occurring one month from now). How much money will you have in the account after 6 years?
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