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A growth mutual fund

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Reference no: EM13985231

At the beginning of each year, you deposit the following into a growth mutual fund that earns 6 percent per year.  Year deposit:

1. $5,000

2. $7,500

3. $4,500

4. $5,500

5. $6,200

Total: $28,700

How much should the fund be worth at the end of 5 years?

 

 

Reference no: EM13985231

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