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You plan to deposit $100 in Year 1 and $400 in Year 3 into your saving account. How much will you have in your account
You plan to deposit $100 in Year 1 and $400 in Year 3 into your saving account. How much will you have in your account in Year 8? The interest rate is 4%.
Year 1 2 3
Cash flow $100 $0 $400
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