Growth mutual fund, At the beginning of each year, you

Growth mutual fund

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Reference no: EM131889777

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

Year Deposit

1 $ 5,000.00

2 7,500.00

3 4,500.00

4 5,500.00

5 6,200.00

Total: $28,700.00

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

Reference no: EM131889777

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