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You put $8,000 in an account earning 5%. After 4 years you make another deposit into the same account. Three years later (that is, 7
You put $8,000 in an account earning 5%. After 4 years you make another deposit into the same account. Three years later (that is, 7 years after your original deposit), the account balance is $20,000. What was the amount of the deposit at the end of year 4?
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