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You deposit $3000 each year into an account earning 7% interest compounded annually. How much will you have in the account in 35 years?

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  1. 3000 [ 1.07^35 - 1 ] / 0.07

    = 3000 [ 10.68 -1] /.07

    = 3000 * 138

    = 414,710.64

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    Damon

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