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The company XYZ has scheduled to put $7,389 of excess earnings in a savings account at the end of EACH of the following eight years.

The company XYZ has scheduled to put $7,389 of excess earnings in a savings account at the end of EACH of the following eight years. The interest rate of the account is 3.5% p.a.. How much will the company have saved after 8 years?

Round your answer to the nearest $)

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