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17 September, 19:56

You want to buy a jet ski 5 years from now, and you plan to save $600 per year, beginning today. you will deposit your savings in an account that pays 8% interest. how much will you have 5 years from now?

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  1. 17 September, 20:25
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    600 (1+0.08/5) ^5=649560.3

    The valur of Rs 600will decline to 649560.3in 5 years interest is 8%
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