Suppose you deposit each of the following cash flows into a bank account: $4,0001 year from today;
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Question:
Suppose you deposit each of the following cash flows into a bank account: $4,0001
year from today; $8,0003
years from today; $4,0007
years from today. If the account that earns an annual rate of 7.6%
, how much money will you have immediately after you make the final deposit?
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