Money market account with an annual return

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You plan to deposit $1,500 per year for 6 years into a money market account with an annual return of 2%. You plan to make your first deposit one year from today.

What amount will be in your account at the end of 6 years? Round your answer to the nearest cent. Do not round intermediate calculations.

Assume that your deposits will begin today. What amount will be in your account after 6 years? Round your answer to the nearest cent. Do not round intermediate calculations.

Reference no: EM13877994

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