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You placed $8,998 in a savings account today that earns an annual interest rate of 5 percent compounded annually. How much you will have in

You placed $8,998 in a savings account today that earns an annual interest rate of 5 percent compounded annually. How much you will have in this account at the end of 14 years? Assume that all interest received at the end of the year is reinvested the next year.

Round the answer to two decimal places.

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