How much will you have just after you make the third deposit, Finance Basics

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How much will you have just after you make the third deposit

Problem

You want to buy a new sports car 3 years from now, and you plan to save $4,200 per year, beginning one year from today. You will deposit your savings in an account that pays 5.2% interest. How much will you have just after you make the 3rd deposit, 3 years from now?

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Finance Basics: How much will you have just after you make the third deposit

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