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You want to purchase a motorcycle 7 years from now, and you plan to save $2,500 annually, beginning one year from today. You will make
You want to purchase a motorcycle 7 years from now, and you plan to save $2,500 annually, beginning one year from today. You will make 7 deposits in an account that pays 4.7% interest. Under these assumptions, how much will you have 7 years from today?
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