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Suppose you deposit $4,400 at the end of year 1, nothing at the end of year 2, $940 at the end of year 3, and
Suppose you deposit $4,400 at the end of year 1, nothing at the end of year 2, $940 at the end of year 3, and $1,490 at the end of year 4. Assume that these amounts will be compounded at an annual rate of 16 percent. What is FV?
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