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Suppose you deposit $500 in an account at the end of this year, $400 at the end of next yer, and $300 at the end
Suppose you deposit $500 in an account at the end of this year, $400 at the end of next yer, and $300 at the end of the following year. The interest rate is 7.5%. How much will be in the account immediately after the third deposit is made? How much will be in the account at the end of three years if the deposits are made at the beginning of each year? Please show work and proper equation to use.
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