Question: You want to buy a condo 6 years from now, and you plan to save $ 3 , 0 5 0 per year, beginning one

You want to buy a condo 6 years from now, and you plan to save $3,050 per year, beginning one year from today. You will deposit the money in an account that pays 5.25% interest. How much will you have just after you make the 5th deposit, 6 years from now?
You want to buy a condo 6 years from now, and you plan to save $3,050 per year, beginning one year from today. You will deposit the money in an account that pays 5.25% interest. How much will you have just after you make the 5th deposit, 6 years from now?
$20,876.77
$20,745.83
$20,405.74
$20,534.52

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