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To save money for a sabbatical to earn a master’s degree, you deposit $2000 at the end of each year in an annuity that pays 7.5% compounded annually. a) How much will you have saved at the end of five years? b) Find the interest.

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Answer:

The amount he will have at the end of five years is $11,616.8

Interest on the amount is $1,616.8

Step-by-step explanation:

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