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You decide to save $1,812 per year during the next 9 years in order to buy a small fishing boat. When you go to your
You decide to save $1,812 per year during the next 9 years in order to buy a small fishing boat. When you go to your Bank, they promise a 9% rate. You deposit the first payment today. Assuming that the rate is fixed, How much money will you have in that account 9 years from now?
Round your answer to the nearest two decimals if necessary.
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