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Suppose that you make a series of annual deposits into a bank account that pays 8% interest. The initial deposit at the end of the
Suppose that you make a series of annual deposits into a bank account that pays 8% interest. The initial deposit at the end of the first year is $1,200. The deposit amounts increase by $500 in each of the next 5 years. How much would you have immediately after the 6th deposit?
| A. | $17,152.67 |
| B. | $16,358.72 |
| C. | $18,388.25 |
| D. | $14,700.00 |
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