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You will deposit $161 each of the next five years (the first deposit will occur one year from today, and there will be a total

You will deposit $161 each of the next five years (the first deposit will occur one year from today, and there will be a total of 5 equal deposits) into an account that pays a 7.8% effective annual rate. Six years from today, how much money do you have?

* DO NOT ROUND INTERMEDIATE VALUES, NO CREDIT WILL BE GIVEN * FINAL ANSWER IN DOLLARS, ROUNDED TO TWO DECIMAL PLACES

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