Question: You deposit $ 8 , 0 0 0 into an investment account today, and leave it in the account for 6 years. No other money

You deposit $8,000 into an investment account today, and leave it in the account for 6 years. No other money is added to the account in the future. Assuming annual rate of return of 7%, what will be the balance in your account at the end of year 6?

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