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Suppose you deposit $1,000 a year at the end of the year for 10 years. You earn 5.8% interest per year. What is the future

Suppose you deposit $1,000 a year at the end of the year for 10 years. You earn 5.8% interest per year. What is the future value of this annuity?

Sammy decides to set up a retirement fund. He deposits $5,000 a year. He earns an annual interest rate of 6%. How much will Sammy have in his retirement fund in 20 years?

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