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You are planning to leave for the mountains and be a survivalist in ten years. You will be able to deposit $1,000 per year at the end of each of the first five years and $2,000 per year for the following five years. You start your savings plan today with a $5,000 deposit. The account pays 8% compounded annually. How much money will you be able to take to the mountains with you when you leave?

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Financial Management, Finance

Category:- Financial Management
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