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You are hoping to buy a new boat 3 years from now and you plan to save $4,200 (forty two hundred) per year, beginning one

You are hoping to buy a new boat 3 years from now

and you plan to save $4,200 (forty two hundred) per year, beginning one year from today.

You will deposit your savings in an account that pays 5.2% (five point two percent) interest.

HOW MUCH WILL YOU HAVE JUST AFTER YOU MAKE THE 3RD DEPOSIT, 3 YEARS FROM NOW?

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