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What will it be worth immediately after the last deposit

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Suppose John makes an annual contribution of P5000 each year to a college education fund for his niece. She is 4 years old now, and John will start next year and make the last deposit when she is 18. The fund is a money market account earning 6.5%/year. What will it be worth immediately after the last deposit?

Reference no: EM133132412

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