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Suppose you deposit amounts of $4,000 now, $4,000 at the end of year 1 , and $10,000 at the end of year 2 into your
Suppose you deposit amounts of
$4,000
now,
$4,000
at the end of year 1 , and
$10,000
at the end of year 2 into your savings account. The interest rate is
2%
now and increases to
10%
in the next year. How much will you have at the end of 2 years?\ Enter your response below rounded to 2 decimal places.
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