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Find the account balance immediately after the last deposit

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This morning your account balance is $ 88,282 , and this afternoon you wish to begin a new savings plan with this account. You plan to deposit $ 231 eachmonth, with the first deposit one month from today and last exactly 90 months from today. The account earns annual interest of 7% compounded monthly. Find the account balance immediately after the last deposit.

Reference no: EM132575087

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