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Wolf & Co. is planning to save some money to buy new equipment. The company is opening an account today with a deposit of $15,000

Wolf & Co. is planning to save some money to buy new equipment. The company is opening an account today with a deposit of $15,000 and expects to earn 4% interest. After 3 years, it wants to add an additional $50,000 to the account If the account continues to earn 4% interest, how much money will the company have in its account five years from now?

NB: Please show step by step calculation.

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