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3 . Mr. Blochirt is creating a college investment fund for his daughter. He will put in $23,000 per year for the next 12 years

3 . Mr. Blochirt is creating a college investment fund for his daughter. He will put in $23,000 per year for the next 12 years and expects to earn a 7% annual rate of return. How much money will his daughter have when she starts college? (Round "FV Factor" to 3 decimal places.) http://lectures.mhhe.com/connect/0073530727/Images/Appendix_C.JPG 412,151

$400,411

$411,424

$399,398

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