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You have set up your savings plan for the next 7 year. You will make equal monthly deposits of $ 4 , 0 0 0

You have set up your savings plan for the next $7$ year. You will make equal monthly deposits of $ $4, 000$ into the bank savings account during these years. How much will you have accumulated at the end of the $7$ years, if the bank savings account has an APR of $12 % .$ Answer: $522, 689 ($ Please explain how it got this answer $)$

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