Working part-time and planning to deposit

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Reference no: EM131308386

You are working part-time and planning to deposit $5,000 each year of the next 5 years in a saving account which offers 2.5% per annum. You currently have $500 in the account. How much will you have 5 years later?

Please fill in the blank with 2 decimal places.

5 years later, you would have $__________ in the saving account.

Reference no: EM131308386

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