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Find the account balance 14 years

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Today, you opened a new account that pays an annual interest rate of 3%. You plan to make an initial deposit a year from now in the amount of $8,000 and then plan to deposit this same amount each year for another 13 years (after the initial deposit). If no other deposits or withdrawals are made to the account, what will be the account balance 14 years from today?

Reference no: EM132998748

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