Question: ou want to buy a condo 5 years from now, and you plan to save $1,000 per year, beginning one year from today. You will
ou want to buy a condo 5 years from now, and you plan to save $1,000 per year, beginning one year from today. You will deposit the money in an account that pays 6% interest. How much will you have just after you make the 5th deposit, 5 years from now?
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