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What amount will be in the fund

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Question - Serena Medavoy will invest $6,420 a year for 26 years in a fund that will earn 8% annual interest.

If the first payment into the fund occurs today, what amount will be in the fund in 26 years?

If the first payment occurs at year-end, what amount will be in the fund in 26 years?

Reference no: EM132251570

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