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You are hoping to buy a new boat 3 years from now, and you plan to save $4,200 per year, beginning one year from today.

You are hoping to buy a new boat 3 years from now, and you plan to save $4,200 per year, beginning one year from today. You will deposit your savings into an account that pays 5.2% annual interest and compounded quarterly. How much will you have just after you make the third deposit, 3 years from now?

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