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Compute how much will have in eight years

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Reference no: EM132993133

Problem 1: You plan to invest $ 1600 every year (beginning-of-year payments) for the next 8 years. If you can earn 6% on your invested funds, how much will you have in 8 years?

Option 1: $ 15453

Option 2: $ 15836

Option 3: $ 16786

Option 4: $ 20337

Reference no: EM132993133

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