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You saving up to buy a car. You plan on making your first savings deposit one year from today, and then making deposits for the
You saving up to buy a car. You plan on making your first savings deposit one year from today, and then making deposits for the following 3 years. These are the amounts you plan to save at the end of each year:
Year | Projected Savings Amount |
1 | $1,500 |
2 | $3,000 |
3 | $2,200 |
4 | $3,000 |
You expect to earn an annual rate of 9% per year throughout. What amount will you have available at the end of year 4?
$________.
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