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You Intend to Deposit the Following Cash Flows into Your

Question 14

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You intend to deposit the following cash flows into your bank: $750 one year from now, $1,000 two years from now, $1,250 three years from now, $1,500 four years from now, $1,750 five years from now and $2,000 six years from now. Assuming the bank pays you 6.25% interest APR, compounded annually, how much will be in your account at the end of six years (when the final payment is made)?

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