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You currently have $46992 in a bank account that pays you 5 percent interest annually. You plan to withdraw $658 (starting 1 year from now)
You currently have $46992 in a bank account that pays you 5 percent interest annually. You plan to withdraw $658 (starting 1 year from now) every year for the next 8 years in the same account. How much are you going to have in that account at the end of 8 years? Round your answer to the nearest integer.
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