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Suppose you deposit $ 6 , 0 0 0 into your bank account at the beginning of each of the next 1 2 years (

Suppose you deposit $

6, 000

into your bank account at the beginning of each of the next

12

years

(

.

.,

the first deposit is today

) .

If the interest rate is

6 %,

how much would you have accumulated at the end of

12

years?

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