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You want to buy a condo 7 yearsfrom now, and you plan to save $4,000 per year, beginning immediately. You will make 7 deposits in
You want to buy a condo 7 yearsfrom now, and you plan to save $4,000 per year, beginning immediately. You will make 7 deposits in an account that pays 8% interest, compounded annually. Under these assumptions, how much will you have 7 years from today?
a.$39,110.34
b.$37,925.96
c.$38,546.51
d.$36,976.84
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