Question: You want to buy a condo 5 years from now, and you plan to save $ 3 , 0 0 0 per year, beginning one

You want to buy a condo 5 years from now, and you plan to save $3,000 per year, beginning one year from today. You will deposit the money in an account that pays 8% interest. How much will you have just after you make the 5th deposit, 5 years from now?

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