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Waldo expects to save the following amounts: Year 1 = $45,000; Year 2-$23,000; Year 3- $10,000. If he can earn an average annual return

Waldo expects to save the following amounts: Year 1 = $45,000; Year 2-$23,000; Year 3- $10,000. If he can earn an average annual return of 8.63 percent, how much will he have saved in this account exactly 20 years from the time of the first deposit?

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