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You want to save money for 15 years. The interest rates are currently at 6% p.a. You plan to start saving 2,400 euros by the

You want to save money for 15 years. The interest rates are currently at 6% p.a. You plan to start saving 2,400 euros by the end of each year. You will increase this amount every year by 240 euros (i.e., the first increase at the end of year 2).

Please calculate:

a. Final value of your savings plan?

b. Value of the last annuity you will deposit?

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