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What will be total value of the fund at end of ten years

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Problem 1: An individual is planning to set-up an education fund for her children. She plans to invest $15,000 annually at the end of each year. She expects to withdraw money from the fund at the end of 10 years and expects to earn an annual return of 8%. What will be the total value of the fund at the end of 10 years?

Reference no: EM132737642

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