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How much will you have just after you make the third deposit

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Question - You want to go to Graduate school 3 years from now, and you can save $5,000 per year, beginning immediately. You plan to deposit the funds in a mutual fund which you expect to return 9% per year. Under these conditions, how much will you have just after you make the third deposit, 3 years from now?

Reference no: EM132768387

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