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Suppose you deposit $2,800 at the end of year 1, nothing at the end of year 2, $780 at the end of year 3, and
Suppose you deposit $2,800 at the end of year 1, nothing at the end of year 2, $780 at the end of year 3, and $1,330 at the end of year 4. Assume that these amounts will be compounded at an annual rate of 14 percent.
Required:
How much will you have on deposit at the end of five years?
Note: Do not round PV factors and round your other intermediate calculations and final answer to the nearest whole dollar amount.
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