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You are saving for a new house. You place $30,000 into an investment account each year for five years. How much will you have after
You are saving for a new house. You place $30,000 into an investment account each year for five years. How much will you have after five years if the account earns (a) 2%, (b) 4%, or (c) 6% compounded annually? Note: Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places. (FV of $1, PV of $1, FVA of $1, and PVA of $1 )
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