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You want to buy a new sports car 3 years from now, and you plan to save $4,200 per year, beginning one year from today. You will deposit your savings in an account that pays 5.2% interest. How much will you have just after you make the 3rd deposit, 3 years from now? Pick the correct answer and show work.

Answer

A. $11,973

B. $12,603

C. $13,267

D. $13,930

E. $14,626

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91113413

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