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Question 4.K.K: Jason makes six EOY deposits of $2,000 each in a savings acc...

Jason makes six EOY deposits of $2,000 each in a savings account paying 5% compounded annually. If the accumulated account balance is withdrawn 4 years after the last deposit, how much money will be withdrawn? (4.9) 

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F_{6} = $2,000 (F/A, 5%, 6) = $2,000 (6.8019) = $13,603.80

F_{10} = F_{6} (F/P, 5%, 4) = $13,603.80 (1.2155) = $16,535.42

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