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Wells Fargo offers a new savings product: You make the following payments at the end of each year and will then receive a lump sum

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Wells Fargo offers a new savings product: You make the following payments at the end of each year and will then receive a lump sum payment 30 years from now. The annual interest rate is 6% for the next 5 years, then 5% for the following 25 years. Part 1 (1) Attempt 1/3 for 10 pts. What is the future value of your investment in year 30

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