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How much will she have at the end of 40 years

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Marsha is 25 years old and is starting an investment program. Her first annual contribution to her investment fund will be today and will be $1,000. She is committed to increasing her contribution by 3% every year and she thinks she can earn 8% annually. If she makes a total of 40 payments, how much will she have at the end of 40 years?

Reference no: EM132367949

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