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8. (15 points) You invest payments of 1000 per year at the beginning of each year for 30 years at an anual effective interest rate

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8. (15 points) You invest payments of 1000 per year at the beginning of each year for 30 years at an anual effective interest rate of 596. The interest received on the payments must be reinvested at 6%. How much will you have at the end of 30 years

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