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Your bank account pays a quoted interest rate of 5 percent, but interest is compounded daily (on a 365-day basis. Your plan is to deposit
Your bank account pays a quoted interest rate of 5 percent, but interest is compounded daily (on a 365-day basis. Your plan is to deposit $600 into the account today. You also plan to deposit $800 into the account at the end of each of the next three years. How much will you have in the account at the end of three years, right after making your final deposit? Round your answer to the nearest dollar.
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