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You are expecting to deposit the following amount at the end of each year for the next 5 years in a savings account: Year 1
You are expecting to deposit the following amount at the end of each year for the next 5 years in a savings account: Year 1 2 3 4 5 Cash flow $100, $0, $0, $250 $500 If the savings account pays 7% interest per year compounded annually, how much will you have at the end of year 7?
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