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1) You plan to in a mutual fund that earns 8.09% annually. If you invest $5,000 today, how man years will it take for your

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1) You plan to in a mutual fund that earns 8.09% annually. If you invest $5,000 today, how man years will it take for your money to grow to $10,0002 y 2) You want to go to Europe 5 years from now, and you can save $3,100 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 8.5% per year. Under these conditions, how much would you have 5 years from now

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