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Deposits at the start of year

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Jack's ?nancial advisor has encouraged him to start putting money into a retirement account. Suppose that Jack deposits $2,750 at the end of each year into an account earning 8¾% for 25 years. How much will he end up with? How much would he end up with if he instead made his deposits at the start of each year?

Reference no: EM131918354

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