How much will you have saved at the end of five years

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Reference no: EM131984797

Suppose that you earned a bachelor's degree and now you're teaching high school. The school district offers teachers the opportunity to take a year off to earn a master's degree. To achieve this goal, you deposit $ 2000 at the end of each year in an annuity that pays 6 % compounded annually.

1. How much will you have saved at the end of five years?

2. Find the interest.

Reference no: EM131984797

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