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Amanda deposits $800 into her retirement fund at the beginning of every month for 15 years. If the fund had an initial balance of $33,000
Amanda deposits $800 into her retirement fund at the beginning of every month for 15 years. If the fund had an initial balance of $33,000 before her first deposit was made, what will be the accumulated value of the fund at the end of the time period if it was earning 4.61% compounded monthly?
Please include a well-labelled timeline diagram. Full solutions should be shown on separate sheets of paper. Submit your solutions.
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