You deposit 2300 into an account that pays 4 per year your, Financial Management

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You deposit 2300 into an account that pays 4 per year your

You deposit $2,300 into an account that pays 4% per year. Your plan is to withdraw this amount at the end of 5 years to use for a down payment on a new car. How much will you be able to withdraw at the end of 5 years? Round your answer to the nearest cent.

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