Determine the second deposit amount

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Reference no: EM1349968

You want to buy a new ski boat 2 years from now, and you plan to save $8,200 per year, beginning one year from today. You will deposit your savings in an account that pays 6.2% interest.

How much will you have just after you make the 2nd deposit, 2 years from now?

Reference no: EM1349968

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