Beginning this year mary is planning to save 800 each year


Question: Beginning this year, Mary is planning to save $800 each year for the next six years to take a vacation to commemorate the seventh year of her career. Assuming the interest rate offered by her bank is 9.0 percent annually, how much will Mary have in the account at the end of seven years?

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Finance Basics: Beginning this year mary is planning to save 800 each year
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