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Calculate the worth of the investment

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Shekhar plans to invest $1,820 in a mutual fund at the end of each of the next six years. If his opportunity cost rate is 8 percent compounded annually, how much will his investment be worth after the last annuity payment is made? Use the equation method to calculate the worth of the investment.

$11,125.76

$11,857.58

$12,580.20

$13,351.39

$14,871.32

Reference no: EM132128722

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