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You plan to deposit $5600 at the end of each of the 20 years into an account paying 10.8 percent interest. How much will you

You plan to deposit $5600 at the end of each of the 20 years into an account paying 10.8 percent interest.

  1. How much will you have in your account if you make deposits for 20 years?

  2. How much will you have in your account if you make deposits for 40 years?

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Future value of 20 deposits b. Future value of 40 deposits

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