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Starting at the end of this year, you plan to make annual deposits of $6,000 for...

Starting at the end of this year, you plan to make annual deposits of $6,000 for 4 years followed by annual deposits of $10,000 for the following 5 years. The deposits earn interest of 3.5%. What will the account balance be at the end of 13 years?

a) $89,136

b) $92,507

c) $96,003

d) $99,628

e) $103,386

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Expert Solution

jeff jeffy answered 1 year ago
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