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Amy Medavoy will invest $8,550 a year for 18 years in a fund that will earn 15% annual interest. If the first payment into the
Amy Medavoy will invest $8,550 a year for 18 years in a fund that will earn 15% 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? First payment today?
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