Arrangement with her financial advisor to invest

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Reference no: EM13927877

Eli has made an arrangement with her financial advisor to invest $3,600 a year in an equity mutual fund. The Financial adviser determines Eli should earn a minimum of 10% on the investment. If Eli follows this plan, how much will she have in 3 years?

How much will Eli accumulate in 8 years?

How much will Eli accumulate in 14 years?

Reference no: EM13927877

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