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You decide to start investing in a savings account that earns 5% per year. One year...

You decide to start investing in a savings account that earns 5% per year. One year from now, you plan on depositing $3,000 into the account, with the expectation that these deposits will grow by 2% each year for four years. What is the present value of this stream of cash flows? How much will you have at the end of the deposit time period?

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