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Posted on Jan 19, 2024

Suppose you deposit $ 2 , 0 0 0 at the end of each year for 3 years, followed by annual deposits of $ 9

Suppose you deposit $

2, 000

at the end of each year for

3

years, followed by annual deposits of $

9, 000

for the next

5

years. You then leave the balance untouched earning interest. How much would you have in the account by the end of year

15

if the interest rate is

1.0 % ? Calculate.

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