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What is the forecast value of account at the end of period

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Suppose that you deposit $1,851 in a savings account at First Federal Savings of Stanton at the start of each of year for the next 7 years, which is your holding period. You plan to leave these contributions and any interest in the account until the end of your holding period. You forecast an annual interest rate of 6.67%, compounded annually.

Problem 1: What is the forecast value of your account at the end of your holding period?

Reference no: EM132777147

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