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problem: Suppose an 8 percent interest rate, the dollar (4) amount available on June 1, 2014, resulting from 7 yearly deposits of $3,500 each with 1st deposit made on June 1, 2008, is;

[1] $41,988.10

[2] $30,498.30

[3] $18,222.40

[4] $31,229.81

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