Tom is planning to deposit the following amounts in a bank account paying 4 percent annual interest:
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Question:
Tom is planning to deposit the following amounts in a bank account paying 4 percent annual interest: Today, $400; end of first year, $500; end of second year, $800; and end of third year, $900. How much money will he have saved at the end of year 3 JUST after the last deposit?
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