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You want to buy a condo 5 years from now, and you plan to save $3,000 per year, beginning one year from today. You will
You want to buy a condo 5 years from now, and you plan to save $3,000 per year, beginning one year from today. You will deposit the money in an account that pays 6% interest. How much will you have just after you make the 5th deposit, 5 years from now?
A. | $13,431.83
| |
B. | $17,843.15
| |
C. | None of the other options provided. | |
D. | $16,911.28
| |
E. | $12,637.09 |
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