The first deposit will occur one year from today

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Reference no: EM131315076

Assume that you deposit $ 1, 651 each year for the next 15 years into an account that pays 17 percent per annum. The first deposit will occur one year from today (that is, at t = 1) and the last deposit will occur 15 years from today (that is, at t = 15). How much money will be in the account 15 years from today?

Reference no: EM131315076

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