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What amount will be in the fund

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Reference no: EM132558267

Question - Amy Medavoy will invest $5,890 a year for 17 years in a fund that will earn 12% annual interest.

If the first payment into the fund occurs today, what amount will be in the fund in 17 years? If the first payment occurs at year-end, what amount will be in the fund in 17 years?

Reference no: EM132558267

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