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Assume you deposit $4,400 at the end of each year into an account paying 10.5 percent interest.

How much money will you have in the account in 24 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Annuity future value            $

How much will you have if you make deposits for 48 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Annuity future value            $

Financial Management, Finance

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