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You Plan on Saving $5,200 This Year,nothing Next Year,and $7,500

Question 128

Multiple Choice

You plan on saving $5,200 this year,nothing next year,and $7,500 the following year.You will deposit these amounts into your investment account at the end of each year.What will your investment account be worth at the end of year three if you can earn 8.5 percent on your funds?


A) $13,528.12
B) $13,621.57
C) $13,907.11
D) $14,526.50
E) $14,779.40

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