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1 point As5ume you Invest $6,300 at the end of each year into an equity fund. The fund is cxpected to pay 11.6%6 percent interest

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1 point As5ume you Invest $6,300 at the end of each year into an equity fund. The fund is cxpected to pay 11.6%6 percent interest annualiz. How much money will you have in the fund in 20 years? [See the answer (your wealth at the end): this is called the effect of compounding:]

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