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Suppose you make the following deposits into an account earning 1.6%: $15,000 today followed by $2,000 each year for the next 7 years (so the
Suppose you make the following deposits into an account earning 1.6%: $15,000 today followed by $2,000 each year for the next 7 years (so the last cash flow is at year 7). How much will you have in the account after 14 years? Round to the nearest dollar.
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