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Mathematics, 20.10.2020 20:01 kadeWayne
Suppose that you earned a bachelor's degree and now you're teaching high school. The school district offers teachers the opportunity to take a year off to earn a master's degreee. To achieve this goal, you deposit $ 5000 at the end of each year in an annuity that pays 6.5 % compounded annually.
a. After 5 years, you will have approximately= $
(Do not round until the final answer. Then round to the nearest dollar as needed.)
b. The interest is approximately= $
(Use the answer from part a to find this answer.)
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