Question: You decide to save $1,364 per year during the next 16 years in order to buy a very cool motorcycle. When you go to your

You decide to save $1,364 per year during the next 16 years in order to buy a very cool motorcycle. When you go to your Bank, they promise to extend a 13% rate. Assuming that the rate is fixed, How much money will you have in that account 16 years from now?

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