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You placed $3,502 in a savings account today that earns an annual interest rate of 7 percent compounded annually. How much you will have in

You placed $3,502 in a savings account today that earns an annual interest rate of 7 percent compounded annually. How much you will have in this account at the end of 5 years? Assume that all interest received at the end of the year is reinvested the next year

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