Suppose that you earned a bachelor's degree and now you're teaching high school. The school...
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Suppose that you earned a bachelor's degree and now you're teaching high school. The school district offers teachers the opportunity to take a year off to earn a master's degree. To achieve this goal, you deposit $3000 at the end of each yearin an annuity that pays 7.5% compounded annually.How much will you have saved at the end of five years?Find the interest.b. Click the icon to view some finance formulas.a. After 5 years, you will have approximately $(Do not round until the final answer. Then round to the nearest dollar asneeded.)
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