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At the beginning of each year, you deposit the following into a growth mutual fund that earns 6 percent per year:

Year Deposit

1 $ 5,000.00

2   7,500.00

3   4,500.00

4   5,500.00

5   6,200.00

Total: $28,700.00

How much should the fund be worth at the end of 5 years?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92718124

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