Money market account with an annual return

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Reference no: EM131578220

You plan to deposit $2,200 per year for 5 years into a money market account with an annual return of 3%. You plan to make your first deposit one year from today.

What amount will be in your account at the end of 5 years? Round your answer to the nearest cent. Do not round intermediate calculations.

Assume that your deposits will begin today. What amount will be in your account after 5 years? Round your answer to the nearest cent. Do not round intermediate calculations.

Reference no: EM131578220

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