Employer has agreed to place year-end deposits

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Reference no: EM131020814

Your employer has agreed to place year-end deposits of $1000, $2000, and $3000 into your retirement account. The $1000 deposit will be one year from today, the $2000 deposit two years from today, and the $3000 deposit three years from today. If your account earns 5% per year, how much money will you have in the account at the end of year three when the last deposit is made? Please show how you arrive at answer.

Reference no: EM131020814

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