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You decided to start saving for your son's education and openeda college investment account. Assume...

You decided to start saving for your son's education and opened a college investment account. Assume that the account earns an 8% interest rate annually. You are planning on making $4,000 annual deposits to the account at the beginning of each of the next 10 years, with the first deposit to the account today. What will be the value of the savings account 10 years from today?

Group of answer choices

$ 49,680

$ 65,903

$ 57,946

$ 60,873

$ 52,365

$ 62,582

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Expert Solution

jeff jeffy answered 2 years ago
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