Sally medavoy will invest 7470 a year for 20 years in a

Reference no: EM13482227

Sally Medavoy will invest $7,470 a year for 20 years in a fund that will earn 10% annual interest. If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If the first payment occurs at year-end, what amount will be in the fund in 20 years? (Round answers to 0 decimal places, e.g. $458,581.)

Reference no: EM13482227

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