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You want to save some money for graduate school. To do this you have decided that you will put $5,000 in the bank at the

You want to save some money for graduate school. To do this you have decided that you will put $5,000 in the bank at the end of each of the next 11 years. The bank has agreed to pay you 8 percent nominal interest compounded annually. How much money will you have in the bank 12 years from today?

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