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What will be the balance in the fund

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Reference no: EM13506087

Pooh wants to purchase a car on Jan 1, 20X5. She plans to make five payments of $700 each year, beginning Jan 1,20X0 in a money market fund that earns 9%. What will be the balance in the fund on Jan 1, 20X5?

Reference no: EM13506087

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