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Suppose you want to save for a boat down payment in 3 years from now. You save $4, 200 per year. At the end of
Suppose you want to save for a boat down payment in 3 years from now. You save $4, 200 per year. At the end of each year, you deposit with your broker who thinks you can earn 5.2% interest. How much will you have at the end of year 3? $11, 973 $12, 603 $13, 267 $13, 930 $14, 626
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