How much will the firm have saved at the end of year 4

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Dressler Engine Tuning just decided to save money each year for the next 4 years to help fund a new building. If it earns 5.5 percent on its savings, how much will the firm have saved at the end of year 4?

$111,737.43
$108,392.69
$107,525.40
$110,414.14
$117,882.99

 

Reference no: EM13296533

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