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Your savings goal is to accumulate $8,000.To do so, you plan to make deposits of $1000 per year with the first payment being made a
Your savings goal is to accumulate $8,000.To do so, you plan to make deposits of $1000 per year with the first payment being made a year from today, in a bank account that pays 6 percent interest, compounded annually.How large will your last deposit be, assuming that the deposit occurs at the end of year 7?
$606
$1000
$832
$587
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