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Use the savings plan formula to answer the following question. You put $200 per month in an investment plan that pays an APR of 3.5%.

Use the savings plan formula to answer the following question.

You put $200 per month in an investment plan that pays an APR of 3.5%. How much money will you have after 13 years? Compare this amount to the total deposits made over the time period.

After 13 years the investment plan will contain $

nothing

.

(Do not round until the final answer. Then round to the nearest cent asneeded.)

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