1. You deposit $5,000 today into an account paying interest of 4.5% p.a., compounded annually, and leave your money on deposit for three years. How much will you have at the end of the three years? To which I got $5,705.83
2. Instead of depositing $5,000 now, you will deposit $5,000 at the end of each year for the next three years into the same account paying 4.5%, compounded annually. How much will you have at the end of the three years?
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