Question: Given a 5 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,200, $1,400,
Given a 5 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,200, $1,400, $1400, and $1,700, respectively. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
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