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Suppose you deposit $3,000 into your bank account at the beginning of each of the next 16 years (i.e., the first deposit is today). If
Suppose you deposit $3,000 into your bank account at the beginning of each of the next 16 years (i.e., the first deposit is today). If the interest rate is 8%, how much would you have accumulated at the end of 16 years?
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