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One year from now, you deposit $500 in a savings account. You deposit $1,800 the next...

One year from now, you deposit $500 in a savings account. You deposit $1,800 the next year. Then you wait two more years (t=4) and deposit $1,000. If your account earns 6% interest per year, compounded annually, and you make no further deposits or withdrawals, how much will be in the account 11 years from now?

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Answer #1

Future value in account 11 years from now = $ 5,440.11623339

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