Considering the state of the economy

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Reference no: EM13720717

luana loves shopping for clothers, but considering the state of the economy, she has decided to start saving. At the end of each year, she will deposit $1,410 in her local bank, which pays her 10% annual interest. Luana decides that she will continue to do this for the next six years. Luana's savings are an example of an annuity. How much will she save by the end of six years?

Reference no: EM13720717

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