How much will accumulate into the savings fund by the time

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Suppose today is time t=0. the effetive interest rate is 10%. at the beginning of year 5 mary deposits 2000.00 into savings for her daughter. each year she will make a additional 2000 deposit. the last deposit will be in 20 years, how much will accumulate into the savings fund by the time the last deposit is made?

Reference no: EM131529271

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