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6.5 Sally Medavoy will invest $5,190 a year for 18 years in a fund that will earn 11% annual interest. If the first payment into

6.5

Sally Medavoy will invest $5,190 a year for 18 years in a fund that will earn 11% annual interest. If the first payment into the fund occurs today, what amount will be in the fund in 18 years? If the first payment occurs at year-end, what amount will be in the fund in 18 years?

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