How much will brian have in the bank immediately

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Brian Matthews has decided to start saving for his Daughter's college education by depositing $5,000 at the end of every year for 10 years. A bank has agreed to pay interest at the rate of 6% compounded annually.

Required:

problem 1: How much will Brian have in the bank immediately after his 10th deposit? Round your answer to the nearest dollar. Use the full factor when calculating your results.

Reference no: EM132793375

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