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How much will you have at the end of year 7

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Reference no: EM133123131

You are expecting to deposit the following amount at the end of each year for the next 5 years in a savings account:

Year

1

2

3

4

5

Cash flow

$100

0

0

$250

$500

If the savings account pays 7% interest per year compounded annually, how much will you have at the end of year 7?

*IF POSSIBLE DO WITH FINANCIAL CALCULATOR*

Reference no: EM133123131

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