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You plan to deposit amounts as shown at the beginning of this year, and at the beginning of every year until five year from now,
You plan to deposit amounts as shown at the beginning of this year, and at the beginning of every year until five year from now, into a bank which will give you annual interest. The following table shows your deposits and timing. The interest rate is at the top of the table:
Interest
Years to wait
Cash flow
What will be your bank balance at the end of the fifth year?
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