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What is the value of the fund at end of six- year period

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Problem 1: An investor place $1000 into a fund on the first day of the year. The investor place an additional $600 on the last day of year, and investor continues to place $600 into fund on the last day of the next five year. If the fund offers 12% apr, compounded annually, what is the value of the fund at the end of the six- year period?

Reference no: EM133002496

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