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You want to buy a new ski boat 2 years from now, and you plan to save $4,700 per year, beginning one year from today.
You want to buy a new ski boat 2 years from now, and you plan to save $4,700 per year, beginning one year from today. You will deposit your savings in an account that pays 7.2% interest. How much will you have just after you make the 2nd deposit, 2 years from now? a. $9,738.40 b. $5,457.60 c. $10,076.80 d. $10,439.56 e. $15,139.56
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