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Davis Depot plans to invest $3,000 in a savings account paying 6% interest at the...

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Accounting

Davis Depot plans to invest $3,000 in a savings account paying 6% interest at the end of each year for 4 years to fund the replacement of a forklift. How much will be available to buy the forklift? (For calculation purposes, use five decimal places as displayed in the factor table provided. Round your answer to two decimal places (e.g.,52.75).)
Table 2: Future Value of an Annuity of 1
\table[[\table[[(n)],[Payments]],4%,5%,6%,7%,8%
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